An American firm " Zebsik Enterprise" purchased handmade decorative pieces from India, re -packaged and sold them in its own name to Germany. The above transactions represents

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Question options:

(a) Entrepot for Zebsik Enterprise, Export for India and Import for Germany.

(b) Export for Zebsik Enterprise, Import for India and Entrepot for Germany.

(c) Import for Zebsik Enterprise, Entrepot for India and Export for Germany.

(d) Import for Zebsik Enterprise, Export for India and Entrepot for Germany

Answer:

The answer is option A

a) Entrepot for Zebsik Enterprise, Export for India and Import for Germany

Explanation:

Entrepot is described as a centre, port or city where goods or merchandise are imported and stored which is usually for the purpose of being sold and exported again. This is exactly the situation with the firm Zebsik Enterprise which bought from India(exporting country) and sold to Germany(importing country)

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