Article: International Trade
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International Trade
If you operate a small business, you may feel that your income potential is quite limited. However, you can increase and diversify your income through international trade.
1. Importing
Retail store owners can find additional products to sell from foreign manufacturers, distributors, and other suppliers.
Advantages of importing include increased product selection, lower costs, and increased income.
You may even decide to go exclusively into the import business and become a wholesale distributor.
2. Exporting
Manufacturers can find new customers for their products in foreign countries.
Perhaps consumers in your country have lost interest in your product. It may have become obsolete becaus...
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