Scenario: Sabrina's Spices & Sauces
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. Yet she has little information, many doubts, and no guidance.
-If you were to advise Sabrina on the myths versus facts of exporting, which of the following would you say is a fact?
A) Only large companies can export successfully
B) Sabrina's products do not need export licensing
C) Small businesses have no place to turn for export advice
D) There is no export financing available for Sabrina's business
E) All of the above

Question

Quizplus · Accepted Answer

The fact is that Sabrina's products do not need export licensing. The other options are myths. Large companies can export successfully, but small businesses can also export successfully. Small businesses can get export advice from government agencies, trade associations, and export consultants. Export financing is available for small businesses through programs like the Export-Import Bank and Small Business Administration.