When Exports Become a Significant Percentage of Company Sales and a Company

question 49

Multiple Choice

When exports become a significant percentage of company sales and a company wishes greater control over its export operations,managers often create a separate

• A)Export department.
• B)Functional department.
• C)Product department.
• D)Liaison office.

---

Definitions:

Equilibrium Price

The equilibrium price is the price at which the quantity of goods suppliers are willing to supply matches the quantity of goods consumers are willing to buy, leading to market equilibrium.

Equilibrium Quantity

The amount of products or services available and sought after at the balance price in a marketplace.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Equilibrium Price

The market price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.