Explain How the Small Business Administration (SBA)can Help Potential Exporters

question 74

Essay

Explain how the Small Business Administration (SBA)can help potential exporters.D.C.Through its Service Corps of Retired Executives (SCORE)program,the SBA oversees some 850 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses.The SBA also coordinates the Export Legal Assistance Network (ELAN),a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters.

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period, typically showing a downward slope from left to right.

Relationship

The way in which two or more people, groups, or countries interact and behave towards each other.

Target Return Pricing

A pricing strategy implemented by firms less concerned with the absolute level of profits and more interested in the rate at which their profits are generated relative to their investments; designed to produce a specific return on investment, usually expressed as a percentage of sales.

Profit Goal

A financial objective set by a company, aiming for a specific amount of profit over a certain period.