Bringing products made in a foreign country to sell in the United States is called what?

Bringing products made in a foreign country to sell in the United States is called what?

• A. Importing
• B. Exporting
• C. Licensing
• D. Franchising

Answer: (A)

Importing is the act of bringing products produced in another country into the United States to sell. It describes moving goods across a national border to supply the domestic market. This fits because the emphasis is on receiving foreign-made items for sale here. By contrast, exporting means selling domestically produced goods abroad, licensing involves granting rights to use a product or brand, and franchising is sharing a business format and brand with others.

Importing is the act of bringing products produced in another country into the United States to sell. It describes moving goods across a national border to supply the domestic market. This fits because the emphasis is on receiving foreign-made items for sale here. By contrast, exporting means selling domestically produced goods abroad, licensing involves granting rights to use a product or brand, and franchising is sharing a business format and brand with others.