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 she was. 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.

Other questions in category

• Coupon Rates [ LO2] Nikita Enterprises has bonds on the market making annual payments, with eight ye...
• Since converting the firm's inventory to profits is a key function of management, firms use ______ t...
• 2) Can a caterer use leftover foods donated to a charity as a charitable tax deduction? Why or why n...
• How much interest is earned in just the 2nd year on a $1,000 deposit that earns 7% interest compound...
• For the fed there must be a _____________ between maintaining banking stability for the nation and a...
• True or false: in situations where an annual budget deficit exists, cutting expenses from the budget...
• Which document needs to be submitted, along with reconciled cash, from each department to the main c...
• pam is a sales manager for paradise beauty products. she has told her sales people that she expects ...
• mr. wilson is a professor of marketing at the local university. in the student orientation program, ...
• What are capital gains on an investment?