With respect to exporting, various studies have shown that unlike big business firms, small and medium-sized business firms tend to: Be reactive and wait for business opportunities to come to them.
Trade can be defined as a process that involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be grouped into two (2) main categories and these include;
Export involves the sales of goods that are produced in a domestic country to a foreign country.
In export trade, various studies have shown that small and medium-sized business firms tend to be reactive and wait for business opportunities to come to them unlike big business firms, who are mainly proactive and ever ready to take risks in business.
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