Which of the Following Is a Strategic Step Taken to Increase

question 89

Multiple Choice

Which of the following is a strategic step taken to increase a firm's probability of exporting successfully?

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

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Definitions:

Financial Compensation

Monetary payment provided to employees for their labor or to individuals as reparation for loss or injury.

Extra Vacation Days

Additional days off from work granted to employees beyond the standard vacation policy, often used as a benefit or reward.

Financial Compensation

Monetary payment provided to employees for their work or services.

Sales Revenue

The income generated from the sale of goods or services before any costs or expenses are subtracted; a critical indicator of a company's financial performance.