Lynn Bernerd, Inc. Lynn Bernerd, Inc., Manufactures and Sells Reclining Furniture. the Company
Lynn Bernerd, Inc.
Lynn Bernerd, Inc., manufactures and sells reclining furniture. The company currently operates in the United States but wishes to expand overseas. The company managers have been contemplating the best way to enter the foreign market. At first, the management felt it would be in the company's best interest to let a foreign company use its product and brand in exchange for a royalty. The managers recognized, however, that before the company decided on its foreign strategy it needed to think through all the steps required to enter an international market. As such, the managers believed they needed to consult with some type of agency to help their firm compete more effectively in the global marketplace.
After all the research was completed, the senior managers realized that they wanted to export their product. The managers decided that the transport carrier would notify them when the merchandise was shipped. This would avoid any confusion about lost shipments and ensure better communication with the receiving parties.
-Refer to Lynn Bernerd, Inc. Which of the following options is not one of the steps needed for entering an international market?
A) Contact local government to see if taxes on trade can be waived.
B) Establish an overseas distribution network.
C) Set export prices and payment terms, methods, and techniques.
D) Identify key foreign markets for the product.
E) Identify exportable products.
Correct Answer:
Verified
Q54: By definition, every country has a(n) _
Q55: Which of the following scenarios would not
Q56: The United Kingdom sells industrial supplies and
Q57: Although it lacks sources of timber and
Q58: Lynn Bernerd, Inc.
Lynn Bernerd, Inc., manufactures and
Q60: The land of Narnack has very infertile
Q61: When a country exports more than it
Q62: The United States sells industrial supplies and
Q63: If the Republic of Trinidad and Tobago
Q64: Which of the following best defines balance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents