EXPORTABILITY Meaning and
Definition
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Exportability is a term used to describe the quality or degree to which a product, service, or technology can be successfully sold or marketed in international or foreign markets. It refers to the ease or willingness of a company or organization to adapt and transfer their goods or services from one country to another for sale or distribution.
Exportability is influenced by various factors such as the demand for the product or service in the target market, the legal and regulatory requirements of the foreign market, and the compatibility of the product with the cultural and societal norms of the foreign country. It also depends on the adaptability of the company's marketing strategies, distribution networks, and production processes to suit the requirements and preferences of the foreign market.
The concept of exportability is crucial for businesses looking to expand their market reach beyond their domestic boundaries. A high exportability indicates that a product or service is well-suited for international markets, making it easier to penetrate new markets and compete globally. On the other hand, a low exportability suggests the need for modifications or adjustments to the product, service, or marketing approach to better align with the foreign market's expectations and requirements, thus increasing its marketability.
In summary, exportability refers to the extent to which a product, service, or technology can be effectively sold or marketed in foreign markets. It encompasses various factors, including market demand, cultural fit, regulatory compliance, and the adaptability of marketing and distribution strategies.
Common Misspellings for EXPORTABILITY
- wxportability
- sxportability
- dxportability
- rxportability
- 4xportability
- 3xportability
- ezportability
- ecportability
- edportability
- esportability
- exoortability
- exlortability
- ex-ortability
- ex0ortability
- expirtability
- expkrtability
- explrtability
- expprtability
- exp0rtability
- exportablity
Etymology of EXPORTABILITY
The word "exportability" is derived from the combination of two words: "export" and "ability".
- "Export" comes from the Latin word "ex" (out) and "portare" (to carry). It entered the English language in the late 15th century, originally referring to sending goods or commodities to another country for trade or sale.
- "Ability" comes from the Latin word "abilitas", derived from "abilis" (able). It denotes the quality or state of being able to do something.
When these two words are combined, "exportability" refers to the ability or quality of a product, service, or concept to be exported, that is, to be sent or sold in another country.
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