Firms that do not export often:
A)face problems of currency conversion.
B)lose out on significant opportunities for cost reduction.
C)are able to reduce their unit costs.
D)are not intimidated by the business practices of foreign countries.
E)explore foreign markets to see where they can leverage their technology.

Question

Quizplus · Accepted Answer

By expanding the size of the market, exporting can enable a firm to achieve economies of scale, thereby lowering its unit costs. Firms that do not export often lose out on significant opportunities for growth and cost reduction.

Firms That Do Not Export Often