Final answer:
When assessing readiness for international expansion, firms must consider their willingness to adjust credit policies, scale for execution, and adapt distribution, service, and after-sales support to meet local market needs.
Step-by-step explanation:
When assessing a firm's internal preparedness for international expansion regarding latitude, several key issues need to be considered. Firstly, there is the willingness to change credit policies to align with market requirements. Credit terms can differ greatly between countries, and being flexible can be crucial to success. Secondly, achieving the correct scale for execution and delivery is essential, as this will ensure that the firm can meet the demand in new markets without compromising quality or delivery times.