Southern Products is a ninety-year old,fourth generation family business located in Pooler,Georgia.The company had concentrated on the U.S.market its entire life by selling its products primarily in the southern United States.Due to increased competition in the domestic market,Southern Products now wants to sell abroad.The company and its top management team is hesitant,however.Firms engaged in international trade deal with people they may have never seen,who live in different countries,who speak different languages,and who abide by different legal systems.These factors result in
A)easy tracking of the parties involved.
B)a lack of trust between the parties.
C)strict enforcement of contractual obligations.
D)rapid acculturation.
E)better understanding of how transactions should be configured.

Question

Quizplus · Accepted Answer

The statement suggests that the company and its management team are hesitant to engage in international trade due to factors such as dealing with people they have never met, who speak different languages, and abide by different legal systems. These factors can result in a lack of trust between the parties involved, making option B the best choice. The other options are not supported by the given information.

Southern Products Is a Ninety-Year Old,fourth Generation Family Business Located