The Only Real Barrier Preventing Small Businesses from Exporting Is

question 186

True/False

The only real barrier preventing small businesses from exporting is insufficient knowledge of the opportunities available.

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Definitions:

Market Supply

The total amount of a product or service that is available to consumers, determined by the sum of all individual suppliers' outputs in the market.

Decreasing-cost Industry

An industry that experiences lower production costs as the industry output expands, often due to economies of scale.

Relevant Inputs

Factors or resources that directly impact the production process or decision-making in a specific context.

Decreasing-cost Industry

An industry where the cost per unit of output decreases as the scale of production increases.