How will a business firm know if there is a demand for its product in another nation?
The company is willing to discuss royalty fees with other international firms.
There is a positive balance of payments.
A firm cannot know if such a demand exists.
The product is very successful in the company's home nation.
Due to the successful prior entry of a competitor firm with a similar product in the international market.

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The Answer of How will a business firm know if there is a demand for its product in another nation?
The company is willing to discuss royalty fees with other international firms.
There is a positive balance of payments.
A firm cannot know if such a demand exists.
The product is very successful in the company's home nation.
Due to the successful prior entry of a competitor firm with a similar product in the international market.

How Will a Business Firm Know If There Is a Demand