In terms of exporting, what percentage of Florida companies are located in the state in relation to the national average?

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for your UCF GEB3375 Intro to International Business Exam 1. Utilize flashcards and multiple choice questions with explanations to ace your test. Get fully equipped!

Florida has a particularly strong presence in international trade and exporting due to its diverse economy, strategic geographical location, and robust logistical infrastructure. The statistic indicating that 1 out of 5 companies in Florida participate in exporting reflects this trend, showcasing the state's significant engagement in global markets compared to the national average. This high percentage suggests that Florida's businesses are well-positioned to reach international customers, effectively leveraging local resources and opportunities.

Other options present different ratios that do not accurately represent Florida's exporting landscape. For example, stating that only 1 out of 10 or 1 out of 7 companies export would imply a much lower participation in international business compared to the reality. Similarly, indicating that 1 out of 3 companies are involved in exporting could overstate the situation, as it aligns more with states that might have heavier industries focused on exports rather than the diverse economy Florida possesses. Thus, the selection of 1 out of 5 accurately captures Florida's robust export activity while fitting within the context of national export participation trends.