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Questions and Answers
What is a characteristic of export-ready organizations' products and/or services?
What is a characteristic of export-ready organizations' products and/or services?
- They are only successful domestically
- They are always cheaper than foreign competitors
- They are identical to domestic products
- They are unique in one or more ways (correct)
What is a characteristic of export-ready organizations' financial resources?
What is a characteristic of export-ready organizations' financial resources?
- Adequate personnel to meet increased demand or the capacity to hire or contract staff to meet needs
- A strong, dependable cash flow
- Enough cash, savings, and access to financing to support production and marketing for at least two years without making much profit (correct)
- Trained marketing staff, or the ability to hire qualified people, with experience in buying or selling products or services abroad
What is a requirement for export-ready organizations' production resources/capacity?
What is a requirement for export-ready organizations' production resources/capacity?
- Having a fixed production capacity that cannot be modified
- Ensuring there is enough spare capacity to meet unexpected large foreign demand
- Ensuring suppliers can never provide the raw materials and components needed to meet commitments
- Being prepared to modify and manufacture versions of products and services to meet the cultural, regulatory and certification standards of a foreign market (correct)
What is a characteristic of export-ready organizations' logistics resources?
What is a characteristic of export-ready organizations' logistics resources?
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What is a characteristic of export-ready organizations' human resources?
What is a characteristic of export-ready organizations' human resources?
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