Having a Buying Agent Is an Example of an Outward

question 57

True/False

Having a buying agent is an example of an outward mode of market entry.

---

Definitions:

Currency Devaluations

A reduction in the value of a currency with respect to other currencies in the foreign exchange market, typically by government policy.

Imports

Goods or services brought into a country from abroad for sale.

Expensive

Describing items or services that require a high financial outlay to purchase relative to their perceived value or compared to alternatives.

Weaker Peso

Refers to a decrease in the value of the peso, the national currency of some countries, against other currencies.