Southern Products Is a Ninety-Year Old,fourth Generation Family Business Located

question 10

Multiple Choice

Southern Products is a ninety-year old,fourth generation family business located in Pooler,Georgia.The company had concentrated on the U.S.market its entire life by selling its products primarily in the southern United States.Due to increased competition in the domestic market,Southern Products now wants to sell abroad.The company and its top management team is hesitant,however.Firms engaged in international trade deal with people they may have never seen,who live in different countries,who speak different languages,and who abide by different legal systems.These factors result in

• A)easy tracking of the parties involved.
• B)a lack of trust between the parties.
• C)strict enforcement of contractual obligations.
• D)rapid acculturation.
• E)better understanding of how transactions should be configured.

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Definitions:

Complete Combustion

A chemical process in which a compound, usually a hydrocarbon, reacts fully with an abundant supply of oxygen to produce carbon dioxide, water, and energy.

Ethane Gas

A colorless, odorless gas that is the simplest alkane, with the formula C2H6, used as a fuel and a petrochemical feedstock.

Total Combustion

A complete combustion process in which a fuel burns in oxygen, producing a limited number of products and releasing energy.