During the Second Stage (Export Management)of the Small Business Model

question 33

Multiple Choice

During the second stage (Export Management) of the small business model of internationalization,the company

• A)Fills international orders only.
• B)Specifically seeks export sales.
• C)Seeks increased sales from licensing.
• D)Sets up a local sales office in another country.

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Definitions:

Equilibrium Price

The price point at which the quantity of goods supplied equals the quantity demanded, resulting in market stability.

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where demand equals supply.