What Is the First Step in Selecting a Foreign Market

question 102

Multiple Choice

What is the first step in selecting a foreign market?

• A) assessing market potential
• B) monitoring major markets
• C) evaluating host country's trade policies
• D) assessing general legal and political environments

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Definitions:

Pretend Play

A form of play among children where they use their imagination to create scenarios, roles, and activities.

Object Permanence

Piaget’s term for the understanding that a person or object still exists when out of sight.

Centration

In Piaget’s theory, the tendency of preoperational children to focus on one aspect of a situation and neglect others.

Socioeconomic Status

A measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.