Question

Last year, Sabrina Shin started a business selling all types of spices and hot sauces. The business is small but this entrepreneur's dreams are big. Given limited demand and sales fluctuations in the domestic market, Sabrina has been considering going international; however, she has little information, many doubts, and no guidance. Which of the following can help Sabrina reach consumers in different corners of the world quickly and inexpensively?

a. Trade Information Centerb. World Trade Organizationc. Export-Import Bankd. GATT

Answer 1

The correct answer is a. Trade Information Center

Step-by-step explanation:

The great competitiveness of world markets requires export strategies supported by efficient information media. The Online Commercial Information Reference System helps trade support institutions to provide reliable information.

One of the most important tasks of the trade support institutions (IAC) of developing countries is to provide companies with the information they need about products, markets, customers and competitors. Thus, they play an essential role in facilitating access to sources of commercial information and guiding small and medium-sized enterprises (SMEs) in the use of such information to inform their strategic business decisions.