In the Context of the Strategies for Reaching Global Markets

question 68

Multiple Choice

In the context of the strategies for reaching global markets, which of the following statements is true of exporting?

• A) It is colloquially known as foreign outsourcing.
• B) It is ineffective for small and mid-sized companies.
• C) It is the most basic level of international market development.
• D) It means producing products abroad and selling them domestically.

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Definitions:

Annual Revenue

The total amount of income generated by a company from its activities over a year before any costs or expenses are deducted.

Crediting Purposes

The act of acknowledging someone's contribution or work, often for the purpose of assigning merit or recognition.

Employees

Individuals who work for a business or organization and typically receive compensation in the form of wages or salary.

Small Business Administration (SBA)

A U.S. government agency that provides support to entrepreneurs and small businesses.