Question

The rapid expansion of world exports since 1980 demonstrates that:

A. businesspeople must be prepared to meet increased competition.

B. domestic business cannot compete with cheap imports.

C. the opportunity to increase sales by exporting is a viable growth strategy.

D. all of the above.

E. two of A, B and C

Answer 1

The rapid expansion of world exports since 1980 demonstrates that the opportunity to increase sales by exporting is a viable growth strategy.

Step-by-step explanation:

The rapid expansion of world exports since 1980 demonstrates that the opportunity to increase sales by exporting is a viable growth strategy. International trade allows even small economies to take full advantage of economies of scale by reaching a larger customer base and benefiting from lower production costs. Additionally, competition from international markets can motivate domestic businesses to improve their products and become more competitive.