In the context of small businesses, which of the following statements regarding global marketing is true?
A) Only large firms can export successfully.
B) Payment for goods sold to foreign buyers is always uncertain.
C) Foreign consumers will not buy American products.
D) Overseas markets represent wide sales opportunities.

Question

Quizplus · Accepted Answer

Overseas markets have huge potential for sales opportunities for small businesses. With technology advancements and a growing global economy, small businesses can successfully compete in the global market. However, they need to be aware of the cultural differences, legal requirements, and other challenges associated with exporting.

In the Context of Small Businesses, Which of the Following