U.S.wine producers export only about 14 percent of their total annual production of wine.This statement indicates that the U.S.wine industry is which of the following?
A)selling more wine abroad than it does in the United States.
B)an industry in the first stages of globalization.
C)willing to take significant risks in order to sell more wine internationally.
D)producing more wine than it can sell.

Question

Quizplus · Accepted Answer

Exporting is defined as selling domestically produced products to buyers in another country.Businesses in stage one of globalization operate in one country and sell into another.

USWine Producers Export Only About 14 Percent of Their Total