small businesses often have advantages in international markets. one advantage is multiple choice a greater expertise in managing the paperwork required to sell goods in international markets. a better understanding of the cultural differences involved. individualized customer service as opposed to impersonal corporate bureaucracies. the ability to obtain financing through the international monetary fund.

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Answer 1

One advantage that small business have in international markets is B. a better understanding of the cultural differences involved.

What is an advantage that small business have ?

Small businesses are often more flexible and adaptable to different cultural contexts, and may have a deeper understanding of local customs, preferences, and business practices. This can give them an advantage over larger, more impersonal corporate bureaucracies that may struggle to adapt to local markets.

Small businesses may also be able to provide more individualized customer service and build stronger relationships with customers in international markets, which can help to build trust and loyalty.

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Related Questions

what is the most important aspect of planning and conducting a useful experiment?

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In the above question, The most important aspect of planning and conducting a useful experiment is to ensure that the experiment is well-designed and executed properly.

This involves several key steps including:

Formulating a clear and testable hypothesis: The hypothesis should be clear and specific, with well-defined variables and a clear prediction of the expected outcome.Developing a detailed experimental design: The experimental design should be carefully planned, with controls in place to ensure that the results are valid and reliable.Collecting and analyzing data: Data should be collected systematically and accurately, with appropriate statistical methods used to analyze the results.Drawing valid conclusions: Conclusions should be based on the data collected and analyzed, with any limitations or weaknesses in the experimental design acknowledged.Replicating the experiment: Replicating the experiment can help to confirm the results and increase confidence in the findings.

Overall, a well-designed and well-executed experiment can provide valuable insights into the relationship between variables and help to answer important scientific questions.

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Fill The Blank! the resource-based view classifies all resources as ______.

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The resource-based view classifies all resources as either tangible or intangible.

Tangible resources are physical assets that a company owns, such as property, equipment, and inventory. Intangible resources, on the other hand, are non-physical assets that a company owns, such as intellectual property, brand recognition, and customer relationships.Tangible resources refer to physical assets that a company owns and can be measured or quantified. These resources can include:Property - land, buildings, warehouses, factories, etc. Equipment - machinery, vehicles, tools, etc.Inventory - raw materials, finished goods, work in progress, etc.Cash and cash equivalents - money in bank accounts, short-term investments, etc.Physical distribution networks - warehouses, transportation systems, etc.Human resources - employees, laborers, etc.Natural resources - oil, gas, minerals, timber,

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Diversification allows investors to maximize returns by keeping much of their portfolio in a single asset.
A. True
B. False

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By retaining a large portion of their portfolio in a single asset, diversification enables investors to optimize profits.False.

What advantages does investor diversification offer?

By diversifying your assets, it is one strategy to achieve risk and reward balance in your investing portfolio. Spreading your investments among many asset classes limits your exposure to any one asset type. This is known as diversification. Over time, this technique should assist in lowering the volatility of your portfolio.

How can an investor make the most of the advantages of diversification?

By distributing your investments among a variety of assets, you reduce the risk that one bad occurrence could wipe out your entire portfolio. Instead, your portfolio is dispersed over many asset classes and business entities.

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item 17 zach is a franchisee with digger's doggies, a chain of hotdog shops. he was doing well until several other digger's doggies franchisees got in trouble and were forced to close their shops. soon afterward, zach's business declined and was also forced to close. this is an example of

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Zach is a franchisee with Digger's Doggies, a chain of hotdog shops. He was doing well until several other Digger's Doggies franchisees got in trouble and were forced to close their shops. Soon afterward, Zach's business declined and was also forced to close. This is an example of the coattail effect.

What does the coattail effect means?

The coattail effect, also known as the down-ballot effect, is the tendency of a popular political party leader to attract votes for other party candidates in an election.

In the United States, for example, the party of a successful presidential candidate often wins many seats in Congress as well; these Members of Congress are elected "on the coattails" of the president.

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The most common reason that systems fail is because the business requirements are either missing or incorrectly gathered during the analysis phase.a. trueb. false

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Answer:

True. The most common cause of system failure is that the business requirements have not been correctly identified or accurately gathered during the analysis phase. If the requirements are not properly defined and understood, it is difficult to create a system that meets the needs of the business. Additionally, any incorrect assumptions made during the initial gathering of requirements can lead to costly errors and delays in system implementation.

_____is the process of learning how other firms do things in an exceptionally high-quality manner.
a. Outsourcing
b. Benchmarking
c. Value-added analysis
d. Automation

Answers

(B) Benchmarking is the process of learning how other firms do things in an exceptionally high-quality manner.

Benchmarking is a strategic management tool that involves comparing an organization's processes, performance metrics, and practices to those of industry leaders or best-in-class companies. The goal of benchmarking is to identify areas where an organization can improve its operations, reduce costs, and increase efficiency by adopting the best practices of other firms.

Benchmarking can be applied to a wide range of business functions, such as production processes, customer service, sales and marketing, and supply chain management. It involves analyzing key performance indicators (KPIs) and identifying opportunities for improvement by setting benchmarks for performance metrics and then comparing them with the performance metrics of other companies.

Outsourcing refers to the process of hiring a third-party firm to perform a business function that is typically carried out in-house.

The value-added analysis is a process of analyzing the value added at each stage of a production process, with the goal of identifying areas where value can be increased.

Automation refers to the use of technology to automate business processes and tasks.

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at a time when we need a modest, low-cost housing program, how can we be expected to accept such a(n) __________ scheme.

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At a time when there is a need for affordable housing, it can be challenging to accept a housing scheme that is costly and extravagant.

The need for low-cost housing is essential for the well-being and sustainability of the community. In such a situation, a costly scheme may not be practical or feasible, as it may not meet the needs of the community.

However, it is important to recognize that affordable housing schemes may vary based on the location, availability of resources, and other factors. Some housing schemes may be more expensive due to the nature of the housing development or the materials used. But it is still possible for such schemes to be designed in a way that meets the needs of the community and provides low-cost housing.

It is important to strike a balance between providing affordable housing and ensuring that the housing scheme is sustainable, safe, and meets the needs of the community. By working together with stakeholders and taking a collaborative approach, it is possible to design and implement affordable housing schemes that benefit everyone involved.

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what must be true of the correlation for there to be no benefit gained from diversification?

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The benefits of diversity diminish as the correlation coefficients between the returns in each area rise. There is no benefit from diversity if there is a perfect correlation between returns and the correlation coefficient is one. Here's how correlation coefficient is defined:

Positive correlation describes a relationship where a rise in one variable is followed by an increase in another. It is known as a negative correlation when one variable increases while another decreases. When a change in one variable is perfectly reflected by a change in another, the connection is said to be in perfect correlation. Modern portfolio theory suggests that to increase diversification, you should spread your risk across several asset classes.

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wrongful interference with a business relationship requires?

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In order to engage in wrongful interference with a business relationship, one party must purposefully target the customers of the other party and use predatory tactics.

Legal professionals refer to wrongful interference in a business relationship as tortious interference. When appropriate care or consideration for another person is neglected, this constitutes a "tort" on its own. Additionally, businesses themselves are capable of torturing people or other companies. A business tort is referred to as such interference. Tortuous interference is broken down into two primary categories: contract interference and business relations interference. It can be committed by an individual against a business, a business against another business, or a business against an individual.

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