In exporting, local products are sold to foreign customers.

Exporting

The selling of local products abroad to foreign customers.

Foreign Customers

Consumers or clients located outside the geographical boundaries of a business’s home country.

Discern the variety of tactics for international market entry, encompassing importing, exporting, global procurement, and licensing agreements.

Verified Answer

Final Answer :

True

Explanation :

Exporting refers to the selling of domestic goods or products to customers located in foreign countries.

Learning Objectives

Discern the variety of tactics for international market entry, encompassing importing, exporting, global procurement, and licensing agreements.