Which of the Following Is a Common Difficulty That Traders

question 80

Multiple Choice

Which of the following is a common difficulty that traders face when exporting goods or services to other countries?

• A) Small firms tend to be more aggressive than larger firms in global trade.
• B) Governments do not provide much assistance to exporters.
• C) Growth opportunities are often limited in global markets.
• D) Exporters often face voluminous paperwork and complex formalities.

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Definitions:

Joint Ventures

A commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities.

Taxed

Subject to a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Formal Agreement

A legally binding contract or document established between two or more parties, outlining specific terms and conditions that are enforceable by law.

Distributorship

A type of franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.