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:

Delivery Schedules

Timetables established by suppliers for the delivery of products or services to customers.

Buying Criteria

The set of standards or parameters customers use to differentiate between choices and make purchasing decisions.

Technical Capability

Refers to the skills, knowledge, tools, and processes that enable an organization to effectively design, produce, and deliver products or services.

Government Regulation

Laws and rules established by governments to control or manage certain activities, behaviors, or industries for the protection and benefit of society.