Which of the Following Is True of Exporting

question 111

Multiple Choice

Which of the following is true of exporting?

• A)It takes a very short time before all foreigners are comfortable enough to purchase in significant quantities.
• B)Novice exporters tend to overestimate the time required to cultivate business in foreign countries.
• C)Exporters often face voluminous paperwork, complex formalities, and many potential delays and errors.
• D)Large firms are usually unfamiliar with foreign market opportunities.
• E)Large firms do not consider exporting until their domestic market is saturated.

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Definitions:

Declared

Stated or made known officially or publicly.

Unit Of Account

A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Durable

Refers to goods that are designed to last and not wear out quickly, often used in contrast to consumable goods.