Read each statement to determine if it is true or false. 1. Large revenue and profit opportunities abound in foreign markets for most firms in most industries. (Click to select) v 2. By expanding the size of the market, exporting can enable firms to achieve economies of scale. (Click to select) 3. Many small and medium-sized firms are reactive toward exporting. (Click to select) v 4. Many novice exporters underestimate the time and expense needed to cultivate business in foreign countries. |(Click to select) 5. Exports account for a large percentage of U.S. firms' sales. (Click to select) 6. Many foreign customers do not necessarily require face-to-face negotiation when conducting business. (Click to select)