Researching potential export markets is a waste of time and resources for small business owners; the best way to find export opportunities is to travel abroad and sell.

Question

Quizplus · Accepted Answer

Researching potential export markets is essential for small business owners to identify viable opportunities and assess the demand and competition in foreign markets. Traveling abroad to sell without prior research may result in wasted time, resources, and money, as well as potential legal and regulatory challenges. Exporters need to conduct market research, evaluate market entry strategies, and abide by import-export regulations to ensure successful and sustainable international trade.

Researching Potential Export Markets Is a Waste of Time and Resources