Post Utme Ims U 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Ims U Commerce examination.

Post Utme Ims U 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_IMS_U • 2023 • COMMERCE • objective

A firm is considering entering a new market in a foreign country. What are the potential risks and opportunities associated with this decision?

Answer Options

Correct Answer A. Risks: cultural and language barriers, regulatory hurdles; Opportunities: access to new customers, increased revenue
B. Risks: high transportation costs, potential for cultural misunderstandings; Opportunities: access to new resources, increased competitiveness
C. Risks: high marketing costs, potential for product failure; Opportunities: access to new markets, increased brand recognition
D. Risks: high regulatory costs, potential for product liability; Opportunities: access to new customers, increased revenue
Correct Answer
A
Correct Option:
Risks: cultural and language barriers, regulatory hurdles; Opportunities: access to new customers, increased revenue

About This Question

This is Post Utme Ims U 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Ims U Commerce examination.

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