12 Questions
If a product is easy to duplicate abroad, it’s likely to be successful overseas.
False
Product licensing requires special approval from government authorities before export.
True
Products that require minimal after-sales support can be handled by any distributor or agent.
False
Unique features of a product include patents, inferior quality, and cutting-edge technology.
False
Providing training to operate a product is the responsibility of the customer.
False
A company's goal should be to prioritize the costs over the expected benefits.
False
A product's distinctiveness can be a result of its superior quality, among other unique features.
True
If a product requires special approval from government authorities before export, it must be licensed.
True
A company should prioritize the expected benefits over the costs when considering a goal.
True
A distributor or agent is not responsible for providing after-sales support for a product that requires it.
False
A product that can be easily duplicated abroad is likely to be successful overseas.
False
The adaptability of a product is not a unique feature that can provide a competitive advantage in foreign markets.
False
Learn about the key considerations for exporting products abroad, including evaluating the costs and benefits, licensing requirements, and training responsibilities. Test your knowledge of international trade and product distribution.
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