BUS101 Economics terms (busi,econ) 98

BUS101 Economics terms (busi,econ) 98 - internationally C...

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C. Export Express loan D. International Monetary Funding Definition C. Export Express loan Term (p. 170) Small business owners interested in finding out more about exporting will find that: A. there is very little information on exporting relevant to small businesses. B. the single best resource is the International Monetary Fund. C. the most valuable information costs more than it is worth. D. there is an abundance of inexpensive information from a variety of sources. Definition D. there is an abundance of inexpensive information from a variety of sources. Term (p. 169) Which of the following best describes the outlook for small businesses in international markets? A. the world is a larger, and potentially a more lucrative market than the U.S. domestic market B. the threat of terrorist activities prevents small businesses from competing
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Unformatted text preview: internationally C. most foreign buyers prefer to deal with large, well-known corporations rather than small businesses D. higher business costs eliminate the profit opportunities in global markets Definition A. the world is a larger, and potentially a more lucrative market than the U.S. domestic market Term (p. 170) Small businesses often have advantages in international markets. One advantage is: A. a greater expertise in managing the paperwork required to sell goods in in-ternational markets. B. a better understanding of the cultural differences involved. C. individualized customer service as opposed to impersonal corporate bu-reaucracies. D. the ability to obtain financing through the International Monetary Fund. Definition...
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