A firm that decides to enter a country that has open markets relies primarily on a nonmarket strategy.

Name: A firm that decides to enter a country that has open markets relies primarily on a nonmarket strategy.
Brand: Quizplus
Rating: 4.7 (39 reviews)

Question

Quizplus · Accepted Answer

If a country has open markets, then the firm can rely on market strategies such as pricing, distribution, and promotion to compete in the market. Nonmarket strategies such as lobbying, advocacy, and political influence are more relevant when a country has closed or regulated markets.

A Firm That Decides to Enter a Country That Has