Which of the Following Is a Common Pitfall That Novice

question 104

Multiple Choice

Which of the following is a common pitfall that novice exporters come across?

• A)Poor understanding of the opportunities in the domestic market
• B)Low unit costs
• C)Increased economies of scale
• D)Problems securing financing
• E)Familiar distribution systems

---

Definitions:

Pareto Optimality

A distribution of resources where no one can be made better off without causing detriment to at least one other person.

Utilities Possibilities Frontier

A graphical representation that shows the maximum number of goods or services that two countries can produce using their resources efficiently.

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectively utilizing resources.

Equitable

Fair and impartial treatment or distribution, often in the context of socio-economic policies.