Sudhir started busines of garments. He was doing reasonably well in th

1.	Sudhir started busines of garments. He was doing reasonably well in the domestic market therefore he wanted to expand in the global market. He had great suppliers to supply him required materials. But Sudhir wasn’t sure that he will be able to penetrate in global market due to shortage of funds and lack of technical knowledge about export procedures. Hence, he shelved his plans and paid more attention to domestic market. Name two barriers which restricted Sudhir in becoming global entrepreneur
Answer» 1) Lack of technical knowledge; 2) shortage of funds and resources; 3) Market entry regulations; 4) Fear of failure

Sudhir started busines of garments. He was doing reasonably well in the domestic market therefore he wanted to expand in the global market. He had great suppliers to supply him required materials. But Sudhir wasn’t sure that he will be able to penetrate in global market due to shortage of funds and lack of technical knowledge about export procedures. Hence, he shelved his plans and paid more attention to domestic market. Name two barriers which restricted Sudhir in becoming global entrepreneur

Answer»

1) Lack of technical knowledge;

2) shortage of funds and resources;

3) Market entry regulations;

4) Fear of failure

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