Of the 12 Most Common Mistakes and Pitfalls Awaiting New

question 72

Multiple Choice

Of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook,which one of the following is not in the list?

• A) Assuming that a given market technique and product will automatically be successful in all countries.
• B) Neglecting the home market when the export business booms.
• C) Failing to modify products to meet regulatory or cultural preferences of other countries.
• D) Failing to consider licensing or joint venture agreements.

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Definitions:

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Collateral

Collateral is an asset that a borrower offers to a lender to secure a loan. If the borrower fails to repay the loan, the lender has the right to seize the collateral.

Line of Credit Agreement

A legal agreement between a financial institution and a borrower that establishes a maximum loan balance that the lender allows the borrower to access.

Specified Period

A defined duration or timeframe during which certain actions, events, or conditions are intended to take place or be in effect.