While on a trip to South Africa, Erin was impressed with colorful woven outdoor
ID: 463802 • Letter: W
Question
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 her return to the U.S., she was confident that others would also be intrigued by these accessories. Erin decided to explore the possibility of starting an importing business to bring these products to the U.S. consumer. Which of the following statements stands out as good advice for Erin?
A) Learn from others who import goods from abroad, and particular 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) Most import businesses are also export businesses. Find something in the U.S. that Africans would be willing to buy, similar to a barter service.
Explanation / Answer
Most import businesses are also export businesses. Find something in the U.S. that Africans would be willing to buy, similar to a barter service
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