Export
Selling goods/services to foreign countries.
Formula
Export Revenue = Units Sold Abroad × Price per Unit
Real World
Dyson exports its vacuum cleaners and air purifiers to over 65 countries, generating the majority of its revenue from international markets rather than the UK alone.
Exam Focus
For 'evaluate' questions, always weigh benefits of export revenue growth against barriers like tariffs and currency risk.
How well did you know this?