When nonexporting firms are asked why they do not export, they generally list the following as problems:
A) locating foreign markets.
B) payment and finance procedures.
C) As stated directly in the text.
D) lack of foreign language expertise.
E) A, B, and C.

Question

Quizplus · Accepted Answer

The text states that nonexporting firms typically have difficulty in locating foreign markets, dealing with payment and finance procedures, and dealing with paperwork and legal requirements that are more complex than those involved in domestic transactions. The lack of foreign language expertise is not mentioned as a common problem in the text. Therefore, option E is the most appropriate choice as it correctly summarizes the difficulties faced by nonexporting firms.

When Nonexporting Firms Are Asked Why They Do Not Export