import

(verb)

To bring (something) in from a foreign country, especially for sale or trade.

Related Terms

Examples of import in the following topics:

  • Importing

    • The buyer of such goods and services is referred to as an "importer" and is based in the country of import whereas the overseas-based seller is referred to as an "exporter".
    • An import in the receiving country is an export to the sending country.
    • Imports, along with exports, form the basics of international trade.
    • Import of goods normally requires the involvement of customs authorities in both the country of import and the country of export; those goods are often subject to import quotas, tariffs, and trade agreements.
    • While imports are the set of goods and services imported, "imports" also means the economic value of all goods and services that are imported.

  • Importing and Exporting

    • Nations export products for which they have a competitive advantage in order to import products for which they lack a competitive advantage.
    • The buyer of such goods and services is referred to an "importer" who is based in the country of import, whereas the overseas-based seller is referred to as an "exporter. " Thus, an import is any good (e.g., a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade.
    • Import goods or services are provided to domestic consumers by foreign producers.
    • An import in the receiving country is an export to the sending country.
    • Exporting raw materials accounts for the funds spent on importing finished goods.

  • Balance of Trade

    • The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period.
    • The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period.
    • It is the relationship between a nation's imports and exports.
    • The cost of production (land, labor, capital, taxes, incentives, etc.) in the exporting economy vis-à-vis those in the importing economy
    • The availability of adequate foreign exchange with which to pay for imports

  • Absolute Advantage and the Balance of Trade

    • Absolute advantage and balance of trade are two important aspects of international trade that affect countries and organizations.
    • In the drive for international trade, it is important to understand how trade affects countries positively and negatively—both how a country's imports and exports affect its economy and how effectively the country's ability to create and export vital goods effects the businesses within that country.
    • Absolute advantage and balance of trade are two important aspects of international trade that affect countries and organizations .
    • The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports in an economy over a certain period.
    • A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap.

  • The Export-Import Bank of the United States

    • The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.
    • The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.
    • The Export-Import Bank of the United States focuses much of its energy and resources on providing support to small American businesses for export of American-made products
    • Explain the purpose of the Export-Import Bank of the United States (Ex-Im Bank)

  • Preparation

    • Before beginning the sustainability process it's important to: (1) learn what sustainability entails, (2) articulate why the pursuit of it is important, and (3) establish the groundwork that will instil both managers and non-management employees with enthusiasm, answers and support.

  • The importance of collaboration

    • Equally as important is that armed with good information, the freedom to speak out, and strong leadership, the calibre of group work can usually be expected to exceed the sum of that which each individual could normally produce on his or her own.
    • ', The New York Times) These outcomes suggest that collaboration can be used to set long-term sustainable goals before individual biases and misinformation have the chance to set in – which is important because, as the next section reveals, setting clear, understandable goals and objectives that everyone can agree on is a cornerstone of the sustainability process.

  • Back to basics: the ten commandments of business success

    • One of the better ways to understand the importance of customers is the ‘10 Customer Commandments' list, which can be traced back to Mahatma Gandhi who reportedly taught them to his law clerks.
    • Think of each in relation to internal and external customers and the importance of two-way service:

  • Using Impartial Language

    • In business writing, it is important to communicate the message using impartial or unbiased language.
    • In business writing, it is important to communicate the message using impartial or unbiased language.
    • In business writing, it is important to communicate the message using impartial or unbiased language.
    • Explain why it is important to use impartial language in business writing

  • Conceptual Thought

    • Conceptual thought involves seeing the important elements in any situation and, according to Rober Katz, is the key management skills.
    • Conceptual skills are probably some of the most important management skills.
    • Conceptual skills are not critical for lower-level supervisors but gain in importance at the middle-management level.
    • Conceptual skills are probably some of the most important management skills.