Refer to Scenario 13

question 57

Multiple Choice

Refer to Scenario 13.1. At your negotiated price your consumer surplus is:

• A) $50.
• B) $200.
• C) $250.
• D) $300.

---

Definitions:

Selected Markets

Specified segments of the broader market that a company chooses to target for its marketing efforts, products, or services.

Direct Exporting

The sale of products directly to customers or retailers in another country, without the involvement of intermediaries.

Increased Profits

A rise in the amount of net earnings gained from business operations after all costs have been subtracted.

Indirect Exporting

A form of exporting where a company sells its products to a third party, such as an export intermediary, who then sells the products in foreign markets.