Condition in which company's imports are more than its exports is classified as____________?
Correct answer: B. Foreign trade deficits
- A. Foreign trade
- B. Foreign trade deficits
- C. Foreign trade surplus
- D. Trade surplus
Explanation
When a country imports more than it exports, it has a trade deficit because payments for imports exceed receipts from exports. A trade surplus describes the opposite situation.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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