Future Business Leaders of America (FBLA) Agribusiness Practice Test

Which markets are referred to as international markets?

1. Markets within the United States

2. Markets that operate on a local level

3. All markets outside the borders of the United States

4. Markets limited to online sales

The correct answer is: All markets outside the borders of the United States

International markets are defined as those that operate outside the borders of a specific country, in this case, the United States. This means that any market that involves trade or business transactions occurring between different countries falls under the umbrella of international markets. This can encompass a wide range of activities, such as imports, exports, and global supply chains, which facilitate the exchange of goods and services across national borders. Understanding this concept is vital in agribusiness as it highlights the potential for expanding markets and opportunities beyond domestic sales. This can be particularly important for agricultural products, which may be in demand in foreign markets that have different agricultural conditions, consumer preferences, or dietary restrictions compared to the U.S. The other options do not accurately reflect the definition of international markets. Markets within the United States refer specifically to domestic transactions, while local markets are inherently regional, limited to specific geographic areas. Markets limited to online sales do not necessarily pertain to international considerations, as online platforms may sell products purely within one country.