Question

Jonathon works for a u. S. Company that doesn't produce goods domestically, but instead buys them from other countries and resells them in the united states. Jonathon's company illustrates the concept of.

Answer 1

Companies are known to have different areas at which they trade. Jonathon's company illustrates the concept of importing.

• Importing  by a firm simply means that a company/firm often buys goods outside the country and then resells them domestically.

Importing is don by bringing products or services into a country with the aim to sale that have been produce in another country.

Some U.S. companies are often engage in buying of products overseas and shipping them into the U.S. for sale, or as part of a product that is being assembled in the U.S.

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