International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
9th Edition
ISBN: 9780134729220
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 12.1, Problem 1QS1
Summary Introduction
To Determine:
The first step in the screening process for potential markets and sites.
Introduction:
Before entering a potential market and site it is essential to assess the growth opportunities and also, the strategies to keep the costs low in such markets. A proper screening process should be conducted before entering any new market and site. The screening process has four steps:
- Identification of basic appeal of a market
- Assessment of the national business environment
- Measure market or site potential
- Select the market or site The screening process helps in investing money, time and effort only in those markets and sites which holds the greatest potential.
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