Which of the following is true of exporting?
A)It takes a very short time before all foreigners are comfortable enough to purchase in significant quantities.
B)Novice exporters tend to overestimate the time required to cultivate business in foreign countries.
C)Exporters often face voluminous paperwork, complex formalities, and many potential delays and errors.
D)Large firms are usually unfamiliar with foreign market opportunities.
E)Large firms do not consider exporting until their domestic market is saturated.

Question

Quizplus · Accepted Answer

Exporters often face voluminous paperwork, complex formalities, and many potential delays and errors. According to a UN report on trade and development, a typical international trade transaction may involve 30 parties, 60 original documents, and 360 document copies, all of which have to be checked, transmitted, reentered into various information systems, processed, and filed. The United Nations has calculated that the time involved in preparing documentation, along with the costs of common errors in paperwork, often amounts to 10 percent of the final value of goods exported.

Which of the Following Is True of Exporting