Which of the Following Is Not True About Exporting

question 49

Multiple Choice

Which of the following is not true about exporting?

• A)A firm needs to be proactive about seeking export opportunities
• B)Exporting is almost always an end in itself
• C)It is important for the exporter to retain the option of local production
• D)Localization can lead to greater market acceptance

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Definitions:

Compounded Monthly

Interest on an investment or loan is calculated and added to the principal amount on a monthly basis.

RRSP

Registered Retirement Savings Plan, a Canadian investment vehicle for individuals to save for retirement on a tax-sheltered basis.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied once per year.

Ordinary General Annuity

An annuity in which payments are made at the end of each period, such as a year, month, or quarter.