Sellers that handle their own exports are engaged in ?
Correct answer: A. direct exporting
- A. direct exporting
- B. indirect exporting
- C. licensing
- D. contract manufacturing
Explanation
Direct exporting occurs when a seller manages its own export activities and sells to foreign buyers or intermediaries. Indirect exporting uses domestic export agents or other intermediaries to handle the foreign sale.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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