Which factor indicates a business is "export-ready"?

A business is deemed "export-ready" when it possesses the necessary resources and capabilities to sell products internationally. This readiness encompasses a variety of elements including an understanding of international markets, the ability to comply with foreign regulations, and the infrastructure to manage logistics and distribution across borders. Furthermore, it involves having the financial resources to support exporting activities, such as funding for market research, marketing campaigns, and meeting export compliance requirements.

While having a strong local market presence can be beneficial (as it may indicate established brand recognition and customer loyalty), it does not directly equate to the ability to operate in international markets. Similarly, understanding domestic customer preferences is crucial for local sales but does not provide the insights needed for addressing the diverse preferences and demands of international customers. Lastly, while having a unique product with little competition might suggest a potential advantage, it does not ensure that a company has the operational capacity or strategic readiness to navigate the complexities of exporting. Therefore, option B stands out as the defining factor for a business's readiness to engage in international trade.