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Exporting: Lesson 3 Quiz

Exporting: Lesson 3 Quiz

To receive credit for taking this course through TSBDC, take the quiz below to demonstrate your knowledge. You must watch the entire video for the quiz to appear.

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Question 1 of 3

1. Question
What are the key elements that a business must have in place in order to be successful in exporting?
- A solid export plan, commitment from ownership, and preparedness to modify products for different markets
- A strong domestic market presence, a large advertising budget, and a team of experienced export marketers
- A well-established brand, a high-quality product, and a large inventory of goods
- A low cost of production, a strong distribution network, and a dedicated export sales team
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Question 2 of 3

2. Question
What are some of the questions that a business should consider when assessing its export readiness?
- How do you sell and distribute your products in the domestic market?
- To what extent do you advertise and promote your products in the domestic market?
- Does your product compare favorably with domestic competitors in terms of features and benefits?
- How much revenue will the solution generate?
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Question 3 of 3

3. Question
What are some of the resources that businesses can use to help with exporting efforts?
- Trade shows, networking events, and online marketplaces
- Online market research tools, e-commerce platforms, and foreign trade zones
- Export.gov, SBA loan guarantee programs, and local SBDC counselors
- Foreign government export promotion programs, import-export banks, and trade agreements.
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