While cultural differences and bureaucratic paperwork

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Reference no: EM13696932

1.While cultural differences and bureaucratic paperwork for foreign governments make the prospect of global trade difficult for small businesses, there is one bright spot on the horizon that has brought global trade closer to home. Small businesses can now ___________.
A.buy health insurance for employees abroad that is much cheaper than in the U.S.
B.avoid U.S. labor laws that do not permit them to participate in child labor
C.use technology such as PayPal^TM to fulfill orders, which gives them some assurance of payment
D.delegate the details of going global to U.S. government employees who are mandated to assure small businesses succeed abroad
2.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 returning to the U.S., she was confident that U.S. consumers would be as intrigued by these accessories as her. Erin decided to explore the possibility of starting an importing business to bring these products to the U.S. Which of the following statements seems to be 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.Since most import businesses are also export businesses find a U.S. product South Africans would be willing to buy.

Reference no: EM13696932

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