Question

Which statement best describes the outlook for small businesses in international markets? Multiple Choice The world is a larger, and potentially a more lucrative market than the U.S. domestic market. Most foreign buyers prefer to deal with large, well-known corporations rather than small businesses. Higher business costs eliminate the profit opportunities in global markets. The threat of terrorist activities prevents small businesses from competing internationally.

Answer 1

Answer:

The correct option is "The world is a larger, and potentially a more lucrative market than the U.S. domestic market."

Explanation:

An international market can be described as a market that exists outside of a company's home country's international borders. This is different from a domestic market that is located within company's own country.

The international market comprises of the whole world or all the countries in the world. As a result, the international market is larger and more profitable than the domestic market for small businesses.

Therefore, the correct option is "The world is a larger, and potentially a more lucrative market than the U.S. domestic market."