Question

Taobao, an Alibaba company, is a Chinese online shopping website similar to Amazon or eBay. When Alibaba goes public, Taobao shop owners will be able to sell their goods to customers in the U.S. and other countries. Taobao shop owners will be _________ their goods to other countries.a. importing

b. licensing
c. exporting
d. countertrading

Answer 1

B. *Exporting*

Step-by-step explanation:

Exports or rather exportation is the process of producing goods and services in one country and selling it to other countries across the border. Export is one of the two major components of INTERNATIONAL TRADE. The second component is import. Import are goods and services bought by a country residents that are produced in a foreign country.

Exports are good and services produced locally in one country but sold to a buyer in another country (abroad). It occurs on a large scale between nations. In the question above the Taobo owners become exporters since they are now able to sell their products to the US and other countries.