Future Business Leaders of America (FBLA) Marketing Practice Test

What is the term for the sale of products and services to people in other countries?

1. Domestic trade

2. International trade

3. Local trade

4. Global trade

The correct answer is: International trade

The term for the sale of products and services to people in other countries is international trade. This concept encompasses the exchange of goods and services across national borders, which allows countries to access markets beyond their own and encourages economic growth. International trade plays a crucial role in globalization, as it facilitates the sharing of resources, technologies, and cultures among different nations. Domestic trade refers to transactions that occur within a single country, focusing on internal markets rather than international exchanges. Local trade is even more limited, typically involving commerce within a specific community or region. While global trade might seem conceptually similar to international trade, it often implies an even broader understanding of commerce on a worldwide scale, covering various aspects such as multinational corporations and global supply chains. However, the specific term that accurately defines the sale of products and services from one country to customers in another is international trade.