Q: Fill in the blank: When considering expanding a business internationally, the best place to start is to__________?
A) Buy new domains for the country
B) Replicate your current business in as many countries as possible
C) Move the whole business to that country
D) Use online tools to help you understand where there’s a strong demand for your products
Correct Answer is D) use online tools to help you understand where there’s a strong demand for your products.
Explanation:
When considering expanding a business internationally, the best place to start is to research the target market and gather market intelligence. This includes understanding the cultural differences, consumer behaviors, and regulations in the target country, as well as the competitive landscape and potential business partners. By conducting thorough market research, you can better understand the opportunities and challenges of expanding into a new market and make informed decisions about your international expansion strategy.