What is the first step in selecting a foreign market?
A) assessing market potential
B) monitoring major markets
C) evaluating host country's trade policies
D) assessing general legal and political environments

Question

Quizplus · Accepted Answer

Assessing market potential is the first step in selecting a foreign market as it helps in understanding the size, growth, and accessibility of the market, which are crucial for making informed decisions.

What Is the First Step in Selecting a Foreign Market