Exporting in the Global Market
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Questions and Answers

What has facilitated the significant increase in volume of export activity over the last 30 years?

  • Rise in domestic production costs
  • Decrease in demand for domestic products
  • Introduction of strict export regulations
  • Decline in trade barriers and increase in regional economic agreements (correct)

    • What is a major challenge to exporting as mentioned in the text?

  • Excessive government subsidies
  • Language barriers in overseas markets
  • Making the initial financial investment (correct)
  • Lack of demand in foreign countries

    • What can make the process of exporting more problematic, according to the text?

  • Decrease in production costs
  • Shifting trade barriers (correct)
  • Increase in demand for domestic products
  • Rise in freely convertible currencies

    • What problem arises when currencies are not freely convertible, as mentioned in the text?

    <p>Black market barter-like exchange agreements</p> Signup and view all the answers

    Why is the prospect of exporting intimidating for some firms, according to the text?

    <p>The initial financial investment required</p> Signup and view all the answers

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