Which of the following is a risk that firms must consider prior to expanding abroad?
A) The domestic consumers prefer low-priced products.
B) The market in the foreign country may be too similar to the domestic market.
C) Consumers in the foreign country are very particular about the quality of the goods they consume.
D) The foreign country has very low pollution control standards.
E) The foreign country's business culture may be too different from the domestic country.

Question

Quizplus · Accepted Answer

The foreign country's business culture may be too different from the domestic country. Expanding abroad requires firms to understand and adapt to the cultural norms, business practices, and legal systems of the foreign country. Failure to do so can hinder the success of the expansion and damage the reputation of the company.

Which of the Following Is a Risk That Firms Must