Research Has Shown That Exporting Is Essentially a Developmental Process

question 74

Multiple Choice

Research has shown that exporting is essentially a developmental process that proceeds in different stages.Before a firm reaches stage 4,it must do one of the following activities:

• A) explore the feasibility of exporting.
• B) commit resources for exporting.
• C) receive unsolicited export orders.
• D) believe in attractiveness of exporting.
• E) build confidence in firm's ability for exporting.

---

Definitions:

Diminishing Marginal Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, starts to decrease.

Per-worker Production Functions

The relationship between the amount of output produced per worker and the amount of inputs used per worker.

Slopes

In mathematics, it represents the steepness or incline of a line, indicating the rate at which it rises or falls.

Diminishing Marginal Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.