Which of the Following Best Describes the Outlook for Small

question 238

Multiple Choice

Which of the following best describes the outlook for small businesses in international markets?

• A) The world is a larger, and potentially a more lucrative market than the U.S. domestic market.
• B) The threat of terrorist activities prevents small businesses from competing internationally.
• C) Most foreign buyers prefer to deal with large, well-known corporations rather than small businesses.
• D) Higher business costs eliminate the profit opportunities in global markets.

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Definitions:

Truth In Lending Act

A United States federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs.

Magnuson-Moss Warranty Act

A federal law established to protect consumers from deceptive warranty practices, ensuring warranties on consumer goods are clear and terms are fully disclosed.

FTC Act Section

Specific provisions within the Federal Trade Commission Act, which regulates business practices and protects consumers.

Lanham Act

The primary federal trademark statute in the United States, providing protection against trademark infringement and unfair competition.