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:

Picketing

Demonstrating or marching before a place of employment or work site by workers to protest labor conditions or policies.

Unionization

The process by which workers come together to form a union in order to negotiate collectively with their employer regarding wages, benefits, and working conditions.

Sherman Antitrust Act

A federal statute passed in 1890 that aims to promote competition by prohibiting monopolies, cartels, and trusts that restrict trade.

Boycotts

Boycotts are organized campaigns to refuse to buy, use, or participate with products or services from a company or country as a form of protest or pressure for change.