According to Research, What Is the Primary Barrier to a Firm's

question 31

Multiple Choice

According to research, what is the primary barrier to a firm's successful entry into a foreign market?

• A) lack of information
• B) lack of foreign partners
• C) lack of international talent
• D) lack of knowledge about foreign customers

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Definitions:

Wage, Rent

Wage refers to the payment to labor for its contribution to production, while rent is the payment for the use of land or property.

Entrepreneurial Ability

The human resource that combines the other economic resources of land, labor, and capital to produce new products or make innovations in the production of existing products; provided by entrepreneurs.

Laissez-Faire Capitalism

is an economic system where transactions between private parties are free from government intervention, such as regulations, privileges, tariffs, and subsidies.