Which of the Following Is True of Exporting

question 53

Multiple Choice

Which of the following is true of exporting?

• A)Exporting is the least common strategic approach for a company making its first foray into the international marketplace.
• B)Exporting involves the cost of establishing manufacturing operations in the host country.
• C)Exporting firms are not required to pay import duties or face trade barriers.
• D)Exporting helps a firm achieve experience-curve and location economies.

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Definitions:

Perception

The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.

Transduction

The process by which physical or chemical stimuli are converted into a signal that can be interpreted by the body or brain, like the conversion of light into visual information.

Difference Threshold

The smallest detectable difference between two stimuli that a person can perceive.

Absolute Threshold

The minimum intensity of a stimulus that one can perceive, signifying the point at which a stimulus becomes noticeable to our senses.