Export Readiness Assessment Quiz

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)

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

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)

<p>They have, or can acquire, an adequate knowledge of export payment mechanisms</p> Signup and view all the answers

<p>A management team capable of developing a comprehensive export plan</p> Signup and view all the answers