Small Companies That Have Expanded Successfully into Foreign Markets Tend

question 10

Multiple Choice

Small companies that have expanded successfully into foreign markets tend to rely on all but which of the following strategies?

• A)Research foreign markets thoroughly.
• B)Focus on many countries initially.
• C)Utilize government resources designed to help small companies establish an international presence.
• D)Forge alliances with local partners.

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Definitions:

Silent Partners

Investors in a partnership who contribute capital but do not take part in the management and are not known to the public.

Duty to Serve

An obligation to provide service, often seen within certain professions or regulated industries.

Day-to-Day Operations

The routine activities necessary for the functional and efficient conduct of a business or organization.

Duty to Serve

An obligation requiring entities (often utilities or public services) to provide service to all customers or members of the public within their operational area.