Which of the following BEST describes the difference between merchandise import and service import?
A. Merchandise import involves purchasing tangible items from a foreign company; service import involves purchasing intangible products from a foreign company.
B. Merchandise import involves selling tangible items to a foreign company; service import involves selling intangible products to a foreign company.
C. Merchandise import involves purchasing intangible products from a foreign company; service import involves purchasing tangible items from a foreign company.
D. Merchandise import involves purchasing tangible items from a domestic company; service import involves purchasing intangible items from a domestic company.
E. Merchandise import involves selling intangible items from a domestic company; service import involves selling tangible items from a domestic company.
Answer: A
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GEB Chapter 1
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