The Great Promise of Exporting Is That

question 70

Multiple Choice

The great promise of exporting is that

• A) large revenue opportunities are often found in foreign markets.
• B) it provides more opportunities to smaller firms than larger firms.
• C) international trade is protected against exchange risks.
• D) it reduces the need for insuring businesses against political risks.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, elicits a conditioned response in classical conditioning.

Unconditioned Stimulus

A stimulus that instinctively elicits a response without any prerequisite learning.

Conditioned Response

An acquired reaction to a stimulus that was once neutral, now associated with a stimulus that elicits an innate response.

Unconditioned Response

An automatic and involuntary reaction to a stimulus that occurs naturally, without any prior learning.