A good or service bought from another country is an [ ]; one sold to another country is an [ ].
A good or service bought from another country is an domestic product; one sold to another country is an foreign product.
A good or service bought from another country is an essential good; one sold to another country is an optional good.
A good or service bought from another country is an import; one sold to another country is an export.
A good or service bought from another country is an export; one sold to another country is an import.
Flashcards for OCR GCSE Business Globalisation, covering the key terms, formulae and case studies you need to recall for Business 1 and Business 2. 22 cards, matched to the OCR GCSE Business (J204) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.
