The First of Five Steps for Entering the International Marketplace

question 7

Multiple Choice

The first of five steps for entering the international marketplace is

• A)securing adequate financing.
• B)filing the proper documents.
• C)conducting research.
• D)preparing a feasibility study.

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Definitions:

Rival

In economics, a good or service that cannot be enjoyed by more than one person or group at the same time without diminishing its availability to others.

Excludable

Describes goods from which individuals can be easily excluded for non-payment, emphasizing property rights.

Free Rider

An individual who benefits from resources, goods, or services without paying for them, relying on others to bear the cost.

Fundraising Efforts

Activities or strategies implemented to gather financial support for a particular cause or project.