Definitions and Examples of importing, retailing
Learn when and how to use these words with these examples!
To bring goods or services into a country from another.
Example
The company is importing raw materials from China to manufacture its products.
To sell goods directly to consumers.
Example
The store is retailing the latest fashion trends at affordable prices.
Key Differences: importing vs retailing
- 1Importing involves bringing goods or services into a country from another, while dumping refers to selling goods below cost to gain market share.
- 2Retailing involves selling goods directly to consumers, while dumping is a pricing strategy used to drive competitors out of business.
Effective Usage of importing, retailing
- 1International Trade: Use importing to describe the process of bringing goods or services into a country from another.
- 2Business Strategy: Use dumping to describe a pricing strategy used to gain market share by selling goods below cost.
- 3Marketing: Use retailing to describe the process of selling goods directly to consumers.
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Remember this!
The antonyms of dumping are importing and retailing. Use importing to describe the process of bringing goods or services into a country from another, dumping to describe a pricing strategy used to gain market share, and retailing to describe the process of selling goods directly to consumers.
