ENTREPRENEURSHIP

Detailed explanation-1: -Exportation is the process of selling goods in another country.

Detailed explanation-2: -Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations.

Detailed explanation-3: -This term “export” is derived from the concept of shipping goods and services out of the port of a country . The seller of such goods and services is referred to as an “exporter” who is based in the country of export whereas the overseas based buyer is referred to as an “importer".

Detailed explanation-4: -Export is defined as an actual shipment or transmission of items out of the United States.

Detailed explanation-5: -Selling to a foreign country with the focus on the product and the emphasis on selling. The key elements of marketing mix (product, price, promotion, and channels of distribution) are all the same as in the home market.