Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesBusiness, Trade and Commmerce3 Marks
Question
What do you understand by entrepot trade?
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Answer
Entrepot trade means importing of goods for the purpose of exporting them to other countries. In other words, it means importing (buying) goods from one country and exporting (selling) them to another country.
For example, India imports certain commodities from European countries and exports them to Nepal and Bhutan. This type of trade is also known as re-export trade.
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