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.

Question

Quizplus · Accepted Answer

Sabrina's products may require export licensing depending on the destination country's regulations, but it is a fact that some products do not require export licensing. The other options are myths: small businesses can export successfully with proper guidance, there are resources available for export advice, and export financing options exist for small businesses.