Question

Research has shown that exporting is essentially a developmental process that proceeds in different stages. Before a firm reaches stage 4, it must do one of the following activities:

A) explore the feasibility of exporting.
B) commit resources for exporting.
C) receive unsolicited export orders.
D) believe in attractiveness of exporting.
E) build confidence in firm's ability for exporting.

Answer 1

Exporting is a developmental process that involves different stages. Before reaching stage 4, a firm must engage in one of five activities.

Step-by-step explanation:

Exporting is a developmental process that involves different stages. Before reaching stage 4, a firm must engage in one of the following activities:

1. Explore the feasibility of exporting: This involves conducting research to assess the viability of exporting.
2. Commit resources for exporting: This refers to allocating resources such as capital, labor, and infrastructure for exporting.
3. Receive unsolicited export orders: This means receiving export orders without actively seeking them.
4. Believe in the attractiveness of exporting: This involves recognizing the benefits and opportunities associated with exporting.
5. Build confidence in the firm's ability for exporting: This includes developing the necessary capabilities and skills for successful exporting.