alleryTrade is classified as internal or external on the basis of the:
ALocation of buyers and sellers
BColour of the goods traded
CWeight of the goods traded
DAge of the trading firm
Answer & Solution
Correct answer: A. Location of buyers and sellers
1. Internal trade stays inside one country.
2. External trade crosses borders.
3. The basis is geographical location.
_Source: syllabus Business Studies, Chapter 10, Internal Trade._
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