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Questions and Answers
Which market characteristic is important for international businesses to consider in terms of market size and growth potential?
Which market characteristic is important for international businesses to consider in terms of market size and growth potential?
- Climate
- Population density (correct)
- Technological advancement
- Income level
Which of the following is NOT a factor to consider when choosing markets for international business?
Which of the following is NOT a factor to consider when choosing markets for international business?
- Cultural and language barriers
- Availability of natural resources (correct)
- Market size and growth potential
- Political stability and legal framework
Which of the following is an example of a cultural and language barrier that international businesses may face?
Which of the following is an example of a cultural and language barrier that international businesses may face?
- Different currency
- Different dietary preferences (correct)
- Different legal system
- Different time zones
Which of the following is NOT a factor to consider when choosing markets for international business?
Which of the following is NOT a factor to consider when choosing markets for international business?
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Which type of market offers the highest potential for growth in international business?
Which type of market offers the highest potential for growth in international business?
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What is the main advantage of entering a joint venture when expanding into international markets?
What is the main advantage of entering a joint venture when expanding into international markets?
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