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The Two Primary Schools of Classification Discussed in the Text

question 53

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The two primary schools of classification discussed in the text are


Definitions:

Exporting

The selling of goods or services produced in one country to buyers in another country.

Direct Investment

An investment involving the purchase of the physical assets or a significant amount of ownership (stock) of a company in another country.

Indirect Exporting

A method of entering foreign markets by selling products through intermediaries, rather than directly to overseas customers.

Export Duties

Taxes imposed on goods shipped out of a country.

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