Which of the Following Is the Best Solution for a U.S.company

question 45

Multiple Choice

Which of the following is the best solution for a U.S.company that is attempting to enter a foreign market but is having difficulty due to a language barrier and lack of knowledge?

• A)The company should continue to conduct business the way it would in the U.S.
• B)The company should focus all of its advertising in the desired market.
• C)The company should hire an agent familiar with the local laws,customs,and practices to help it function smoothly.
• D)The company should not do business in a foreign market if there is a language barrier.
• E)The company should open a local business office to become familiar with the area.

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Definitions:

Frictional Unemployment

Unemployment that occurs when people transition between jobs, including graduates looking for their first job.

Public Policy

Government actions and procedures designed to address public issues and influence the behavior of citizens, businesses, and other parts of society.

Manufacturing Jobs

Manufacturing Jobs are positions involved in the creation of products either directly from raw materials or by assembling components.

Frictional Unemployment

Short-term joblessness experienced by individuals transitioning between jobs or entering the workforce.