The Internet Has Made Exporting Easier as Even Small Firms

question 26

True/False

The Internet has made exporting easier as even small firms can access critical information about foreign markets, examine a target market, research the competition, and create lists of potential customers.

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Definitions:

Standard Deviation

The measure of the dispersion of a set of values relative to its mean, indicating how spread out the values are.

Standard Normal Curve

A bell-shaped curve that is symmetric about the mean, representing the distribution of a standard normal variable with a mean of zero and a variance of one.

Mean

The arithmetic average of a set of numbers, calculated by dividing the sum of all values by the count of the values.

Frequency Curve

A graphical representation depicting the distribution of different frequencies of a set of data.