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:

Planned Results

The expected outcomes or goals that a business aims to achieve as outlined in its planning processes.

Corrective Action

Steps taken to identify and correct the root causes of problems to prevent their recurrence.

Budgeted

Pertains to the financial plans or forecasts for future revenue, expenses, or other financial metrics over a specific period.

Actual Sales

The monetary value of goods and services sold by a company during a specific accounting period, as recorded in financial statements.