Which of the following is an advantage of exporting?
A)It helps in easy currency conversion.
B)It provides large revenue and profit opportunities.
C)It reduces the administrative costs incurred by a company.
D)It helps companies increase their unit costs.
E)It reduces paperwork and complex formalities.

Question

Quizplus · Accepted Answer

The great promise of exporting is that large revenue and profit opportunities are to be found in foreign markets for most firms in most industries. The international market is normally so much larger than the firm's domestic market that exporting is nearly always a way to increase the revenue and profit base of a company.

Which of the Following Is an Advantage of Exporting