U.S.manufacturers Involved in Direct Exporting

question 14

Multiple Choice

U.S.manufacturers involved in direct exporting:

• A) By definition, do not use foreign intermediaries.
• B) Delegate all distribution tasks directly to foreign nationals.
• C) Assume responsibility for all logistics functions.
• D) Are the most frequent users of cooperative piggyback) exporting.
• E) Are directly involved in exporting, including pricing and distribution tasks.

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Definitions:

Shrimp

A small, decapod crustacean commonly found in marine and freshwater environments, often used as food.

Midpoint Formula

A method used to calculate the elasticity of demand or supply by averaging the start and end points of a range.

Price Elasticity

A gauge for the sensitivity of the amount of a good that is demanded or offered to alterations in its pricing.

Quantity Supplied

The amount of a particular product that a firm would be willing and able to offer for sale at a particular price during a given time period.