Identify a true statement about exporting.
A)It is colloquially known as foreign outsourcing.
B)It is ineffective for small and mid-sized companies.
C)It is the most basic level of international market development.
D)It means producing products abroad and selling them domestically.

Question

Quizplus · Accepted Answer

Exporting is the most basic level of international market development, where a company sells its products or services abroad. Option A is incorrect because foreign outsourcing is a term used for companies that outsource their business processes to other countries. Option B is incorrect because exporting can benefit small and mid-sized companies by expanding their customer base. Option D is incorrect because exporting involves producing products domestically and selling them abroad, not the other way around.

Identify a True Statement About Exporting