Miami WindSails Wants to Export But, as a Small Family

question 31

Multiple Choice

Miami WindSails wants to export but, as a small family business, is cautious, particularly with respect to financial risk. What is a strategic step that you would advise Miami WindSails to take to increase its probability of exporting successfully?

• A) avoid the use of export management companies to contain costs
• B) enter several markets simultaneously to hedge risk
• C) enter a foreign market on a small scale
• D) wait for export opportunities to come to them
• E) avoid recruitment of local personnel

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Definitions:

Demographic Transition

The transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Financial Capital

The monetary resources owned or available to individuals, companies, or countries for investment in wealth-generating assets.

Developing Countries

Nations with lower levels of industrialization, economic activity, and human development index compared to developed countries, often working towards growth and advancement.