Final answer:
International Fabric is a company that engages in global trade and operates within a global marketplace, highlighting how businesses have transitioned to sourcing goods internationally.
Step-by-step explanation:
International Fabric, by purchasing products from over 30 countries, is an example of a company that engages in global trade. This company’s operations illustrate how businesses today operate within a global marketplace. Instead of manufacturing goods domestically, many companies have shifted production overseas to countries like China for lower production costs, taking advantage of economies of scale and providing a variety of options to consumers while maintaining competition in the market.
As the landscape of business has transitioned into an international sphere, companies like International Fabric help create an interconnected world economy. Goods such as clothing, technology, and even food are sourced globally, exemplifying the extensive network of international trade. This phenomenon has grown significantly over the past decades, emphasizing the importance of export sales in various industries and how they contribute to workers' livelihoods.