Which of the Following Statements About Exporting Is NOT TRUE

question 249

Multiple Choice

Which of the following statements about exporting is NOT TRUE?

• A) Intermediaries can handle the arrangements as products are shipped outside the country.
• B) Channel relationships in international markets take time to build and shouldn't be treated lightly.
• C) Exporting requires a firm to establish permanent relationships with international partners.
• D) A firm often invests a minimum amount of time and money.
• E) None of these; i.e. all of these statements about exporting are TRUE.

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Definitions:

Cost

The monetary value required to produce or acquire goods or services.

Competitive Firm

An individual company operating in a competitive market, where it has little to no control over the market price of its goods or services, and must accept the market price as given.

Inputs

Resources used in the production process, such as labor, capital, and materials.

Total Output

The total quantity of goods or services produced by an individual, firm, or country over a specified period.