ENTREPRENEURSHIP

Detailed explanation-1: -The terms “export selling” and"export marketing” are interchangeable. “Export selling” involves tailoringvarious elements of the marketing mix to global market requirements. Export marketing requires an understanding ofthe target market environment.

Detailed explanation-2: -Export marketing focuses on the needs of the consumer, while export selling focuses on product distribution.

Detailed explanation-3: -International marketing involves the techniques and skills necessary when promoting your goods or services to global markets. In contrast, export is defined as a manner of entry like merger and acquisition or joint venture which a firm follows to expand its market overseas.

Detailed explanation-4: -Imports lead to an outflow of funds from the country since import transactions involve payments to sellers residing in another country. Exports are goods and services that are produced domestically, but then sold to customers residing in other countries.

Detailed explanation-5: -The two main types of exporting are direct and indirect exporting. Direct exporting is a type of exporting where the company directly sells products to overseas customers. Indirect exporting is a type of exporting practiced by companies that sell products to other countries with the help of an intermediary.