The Advantages of Using an Export Strategy to Build a Customer

question 15

Multiple Choice

The advantages of using an export strategy to build a customer base in foreign markets include

• A)being able to minimize shipping costs,avoid tariffs,and curb the effects of fluctuating exchange rates.
• B)minimizing capital requirements and involvement in foreign markets.
• C)being cheaper and more cost effective than licensing and franchising.
• D)being cheaper and more cost effective than a multicountry strategy.
• E)facilitating the establishment of profit sanctuaries in foreign countries and being more suited to accommodating local buyer tastes than a global strategy.

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Definitions:

Immoral Imagination

The capacity to envision or concoct actions and scenarios that are ethically questionable or clearly violate societal norms and ethical standards.

Moral Imagination

The ability to ethically envision the full range of possible actions in a particular situation.

Diversity

The inclusion of individuals from a variety of backgrounds, perspectives, and abilities, contributing to a rich, dynamic, and innovative environment.

Time Orientation

An individual's or culture's approach to time, focusing on the past, present, or future, and influencing priorities, planning, and punctuality.