An entrepreneur wants to move into international markets but cant quite figure out how to do it. Hes not clear on his target market or how to approach it but he knows he needs to go global. This entrepreneur is experiencing which barrier to international trade?

CULTURAL DIFFERENCES AND ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

An entrepreneur wants to move into international markets but can’t quite figure out how to do it. He’s not clear on his target market or how to approach it but he knows he needs to “go global.” This entrepreneur is experiencing which barrier to international trade?

A	Financing
B	Information
C	Cultural
D	Attitude

Explanation:

Detailed explanation-1: -Although you can choose to run your business as a sole proprietorship, partnership, corporation or limited liability company (LLC), in most cases the LLC will offer the most effective protection for both your personal assets outside the business and your investment in the business itself.

Detailed explanation-2: -Market research allows a company to discover the target market and get opinions and other feedback from consumers about their interest in the product or service.-allows entrepreneurs to know the extent of how much a product appeals to the market.

Detailed explanation-3: -Reasons why entrepreneurs should develop their own competitive map?-will help in developing insights regarding positioning, pricing, and even layout.

Detailed explanation-4: -Which of the following are good ways to learn how to run your own business? Run a small business during your off hours, work for a successful entrepreneur, and talk to other business owners.

There is 1 question to complete.

ENTREPRENEURSHIP AND THE GLOBAL ECONOMY

CULTURAL DIFFERENCES AND ENTREPRENEURSHIP