Multiple Choice
Lite Foods is a producer of breakfast cereals such as oatmeal and cornflakes,and its products can be found in nearly all supermarkets across Canada.Lite Foods now has its sights set on international shores,specifically the large Chinese consumer market.Company executives are currently debating the best way for the firm to enter the market. Which of the following,if true,would most weaken the argument for venturing into the Chinese market?
A) The Chinese government provides subsidies and tax incentives to local manufacturers who export their products.
B) The Chinese breakfast menu is typically made up of steamed dough,noodles,fruits,and eggs.
C) It would take a few months to establish operations in China because of regulatory hurdles.
D) Several international companies have failed in China because of their inability to understand local requirements.
E) Penetrating the Chinese market requires extensive use of local employees.
Correct Answer:

Verified
Correct Answer:
Verified
Q165: Which of the following is correct with
Q235: During the last few years,the benefits of
Q237: A country has an absolute advantage in
Q238: In 2017,Canada had a trade deficit of
Q239: What is a firm that conducts a
Q241: Which of the following is an organization
Q242: The abbreviated name of the new free
Q243: The term BRIC stands for a group
Q244: Robert has established a start-up business manufacturing
Q245: When a country's imports exceed its exports