Americans use the English language as the primary means of communication whereas Asian Indians have a host of local languages that serve as the means of communication. This difference between the two countries would be categorized as:

cultural distance.

geographic distance.

administrative distance.

economic distance.

emotional distance.

The United States is separated from Nigeria by 5,840 miles and the Atlantic Ocean. According to the CAGE framework this is a case of:

cultural distance.

geographic distance.

administrative distance.

economic distance.

emotional distance.

Which of the following is an advantage of exporting?

Fast entry and low risk

High control and low transportation costs

Zero risk of exchange rate fluctuation

Established manufacturing operations in the foreign country

High local knowledge

Which of the following questions would help an organization determine the favorability of the economic factors for business expansion in a PESTEL analysis?

What is the level of consumerism, and what are the popular attitudes toward it?

What are the local employment levels per capita, and how are they changing?

What pending legislation could affect corporate social policies?

What is the level and distribution of education and income?

What are the local taxation policies? How do these affect your business?

Firms export mostly to countries that are close to their facilities because:

of the compulsions of international trade laws.

of lower transportation costs.

they get raw materials at a subsidized rate from these countries.

exported goods can sold for a higher price in these countries.

of WTO regulations.

Give explanation