3M has built its export success on three main principles: enter on a small scale; add additional product lines once exporting operations become successful; and:
A) relocate staff from the home country to start and manage export operations
B) maintain close links with home-country operations
C) be ready to withdraw if profits are not achieved
D) hire locals to promote products
Correct Answer:
Verified
Q22: The advantages frequently associated with entering a
Q23: The attractiveness of a particular country as
Q24: _ into a foreign market is one
Q25: A strategic commitment has _ impact and
Q26: Entering a market on a large scale
Q28: A risk-averse firm that enters a foreign
Q29: FDI stands for:
A) foreign direct impact.
B) foreign
Q30: Several reasons have been identified for the
Q31: Poor market analysis, poor understanding of competitive
Q32: The great promise of _ is that
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