Which term describes selling to overseas buyers to access larger international markets?

Prepare for the IB Business and Management SL Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Get ready for success!

Multiple Choice

Which term describes selling to overseas buyers to access larger international markets?

Explanation:
Exporting involves selling goods or services to buyers in other countries. This is how a firm accesses larger international markets by reaching customers beyond its domestic market. It can be done directly or through intermediaries like distributors or agents. The other terms describe different activities: distribution refers to the channels used to get products to customers, telesales means selling by phone, and direct marketing is targeted promotional selling without necessarily involving cross-border trade. Exporting is the clear fit for selling to overseas buyers to expand into international markets.

Exporting involves selling goods or services to buyers in other countries. This is how a firm accesses larger international markets by reaching customers beyond its domestic market. It can be done directly or through intermediaries like distributors or agents. The other terms describe different activities: distribution refers to the channels used to get products to customers, telesales means selling by phone, and direct marketing is targeted promotional selling without necessarily involving cross-border trade. Exporting is the clear fit for selling to overseas buyers to expand into international markets.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy