Florida Jetskis,based in Miami,wants to Export,but,being a Small Third Generation

question 87

Multiple Choice

Florida Jetskis,based in Miami,wants to export,but,being a small third generation family business is cautious,particularly with respect to financial risk.The CEO,Armand Millard is contemplating the firm's approach to exporting.Which of the following is a strategic step that you would advise Florida Jetskis to take to increase its 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:

Object Permanence

The recognition that items retain their existence even when they are not perceptible through sight, sound, or touch.

Conservation

In cognitive development, a concept that a child understands that changing the form of a substance or object does not change its amount, overall volume, or mass.

Egocentrism

A cognitive characteristic where an individual has difficulty understanding or appreciating viewpoints other than their own, often seen in early childhood development.

Insecure Attachment

A type of attachment style where individuals are likely to have difficulty trusting others, fear abandonment, and struggle with intimacy in relationships.