Which of the Following Is a Successful Exporting Strategy Used

question 9

Multiple Choice

Which of the following is a successful exporting strategy used by 3M?

• A) Add additional products once exporting becomes successful.
• B) Enter many markets at one time to gain maximum exposure.
• C) Bring in expert marketing specialists to promote the firm's products.
• D) Enter on a large scale to flood the market.

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Definitions:

Interest Rate

The portion of borrowed funds or capital utilized that incurs a cost, traditionally mentioned as a percentage for each year.

Loan

A financial agreement where a lender provides funds to a borrower, who agrees to repay the amount with additional interest over a defined period.

Economic Value

Assessing the value that a good or service delivers to someone involved in the economy.

Payment Streams

A series of payments made over a period of time, often referring to regular debits or credits to an account.