Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

While on a trip to South Africa, Erin was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbrellas that local artisans were

While on a trip to South Africa, Erin was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbrellas that local artisans were weaving. Upon her return to the U.S., she was confident that others would also be intrigued by these accessories. Erin decided to explore the possibility of starting an importing business to bring these products to the U.S. consumer. Which of the following statements stands out as good advice for Erin?

A) Learn from others who import goods from abroad and particularly from Africa.
B) Make certain that you have twice the cash necessary to make your first purchases.
C) Before performing a feasibility study, form your legal business status.
D) Most import businesses are also export businesses. Find something in the U.S. that Africans would be willing to buy, similar to a barter service.

Step by Step Solution

3.47 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Which of the following statements stands out as good advice for Erin The answer is Most import ... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stats Data And Models

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

4th Edition

321986490, 978-0321989970, 032198997X, 978-0321986498

More Books

Students explore these related Business Communication questions