A Small Business Owner Needs to Consider Several Questions Before

question 122

Multiple Choice

A small business owner needs to consider several questions before launching an international venture,such as:

• A)Do we have the correct multinational management in place?
• B)Can we find an appropriate international partner for this venture?
• C)What non-tariff barriers do we have to be prepared to overcome?
• D)Are we sensitive to the cultural differences of conducting international business?

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Definitions:

Communicate

The process of conveying information and meaning between or among individuals through the use of mutually understood signs, symbols, and language.

Driving Forces

Factors that motivate and push towards the achievement of a particular goal or change.

Top Ranks

Individuals or entities positioned at the highest levels within a hierarchy or organizational structure.

Customer Expectations

The anticipations or beliefs about the performance or outcomes of a product or service that customers hold.