Final answer:
The first-time foreign marketer must decide what products to develop, in which markets, and how to market the products.
Step-by-step explanation:
The first-time foreign marketer must decide what products to develop, in which markets, and how to market the products. When deciding how to market the products, the foreign marketer should consider factors such as the target audience, cultural differences, and local competition. They may need to tailor their marketing strategies and adapt their products to suit the preferences and needs of the target market.
For example, if a foreign marketer wants to introduce a new smartphone in a foreign market, they would need to consider the local consumers' preferences for features, design, and price. They would also need to assess the competition in the local market and develop effective marketing campaigns to promote their product and differentiate it from competitors.