The first step in analyzing a nation's potential for international business activity is to examine its business climate.

Question

Quizplus · Accepted Answer

This statement is true. The business climate of a country, which includes factors such as government regulations, economic stability, and cultural attitudes towards business, can significantly impact its potential for international business activity. It is important to evaluate this climate before engaging in any business ventures in a foreign country.

The First Step in Analyzing a Nation's Potential for International