Which of the following is the first step in developing a successful export strategy?
A)Initiate meetings
B)Commit resources
C)Identify a potential market
D)Match needs to abilities

Question

Quizplus · Accepted Answer

The first step in developing a successful export strategy is to identify a potential market. This involves conducting market research and identifying countries or regions that have a demand for the product or service being offered, as well as assessing the competition, regulatory environment, and other factors that may impact market entry. Once a potential market has been identified, the company can then move forward with the development of a comprehensive export strategy that takes into account factors such as logistics, financing, and risk management.

Which of the Following Is the First Step in Developing