In Developing a Successful Export Strategy, Once a Potential Market

question 109

Multiple Choice

In developing a successful export strategy, once a potential market has been identified the next step is to ________.

• A) match needs to abilities
• B) initiate meetings
• C) commit resources
• D) investigate demand in a target market

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Definitions:

Acquisition

The process by which one company purchases most or all of another company's shares to gain control of that company.

Business Efficiency

Describes the effectiveness with which a company or organization uses its resources to produce goods or services and achieve its objectives with minimal waste.

Competition

The rivalry among businesses to attract customers, increase sales, and gain market share.

Tying Arrangement

A business practice where the sale of one product is conditioned on the purchase of another, often scrutinized for anti-competitive effects.