Scenario: Excelsior's Limited
Excelsior's Limited, a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Excelsior's president is surprised at some of the responses the company is receiving from other countries.
-France gave Excelsior's Limited permission to export its product as long as the company obtained a special license first.Excelsior has been waiting six months for the license and is wondering if it will ever arrive.Excelsior's Limited is experiencing a(n)________.

Question

Quizplus · Accepted Answer

An administrative delay is a situation in which a government agency or bureaucratic process slows down the progress of a company's activities. In this scenario, Excelsior's Limited is waiting for a special license in order to export its product to France, indicating an administrative delay. Local content requirements require companies to use a certain percentage of local goods and services in their production processes. Embargoes involve a ban on trade with a specific country, while currency controls involve restrictions on exchanging currency or transferring funds across borders, neither of which are present in this scenario.

Scenario: Excelsior's Limited Excelsior's Limited, a Manufacturer of Health and Beauty Aids, Is