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Algoma Treasures,a Gift-Wrap Manufacturer,is Considering Expanding Its Business into the International

Question 56

Multiple Choice

Algoma Treasures,a gift-wrap manufacturer,is considering expanding its business into the international market.What key question must have a positive answer before it begins international operations?


A) Is there a demand for its products abroad?
B) Is there a favourable balance of trade?
C) What is the currency exchange rate?
D) Is there a favourable balance of payments?
E) Is local culture compatible?

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