Which of the following is a common pitfall that novice exporters come across?
A)Poor understanding of the opportunities in the domestic market
B)Low unit costs
C)Increased economies of scale
D)Problems securing financing
E)Familiar distribution systems

Question

Quizplus · Accepted Answer

Many neophyte exporters run into significant problems when first trying to do business abroad, and this sours them on future exporting ventures. Common pitfalls include poor market analysis, a poor understanding of competitive conditions in the foreign market, a failure to customize the product offering to the needs of foreign customers, a lack of an effective distribution program, a poorly executed promotional campaign, and problems securing financing.

Which of the Following Is a Common Pitfall That Novice