One significant economic challenge Finnegan may face in expanding his business overseas is determining if South Korean consumers can afford his scooters. Understanding the financial capabilities and purchasing power of the target market is crucial for the success of his export strategy.
Finnegan is the owner of a luxury scooter manufacturing firm in the United States. As part of his growth strategy, he plans to export his scooters to South Korea. What is an economic challenge Finnegan may face in expanding his business overseas?
(1 point)
Responses
ensuring that his business dealings overseas are performed ethically
ensuring that his business dealings overseas are performed ethically
figuring out the export regulations for shipping scooters overseas
figuring out the export regulations for shipping scooters overseas
determining if South Korean consumers can afford his scooters
determining if South Korean consumers can afford his scooters
understanding if South Korean culture would adopt scooters
1 answer
1 answer