Even for companies capable of succeeding in global markets,it is critical they:
A) Introduce many new products immediately after entering a new market
B) Acquire a local competitor in each significant foreign market
C) Remain committed to and strategically competitive in their domestic market
D) Develop good negotiating skills in order to take advantage of local suppliers in the international market

Question

Quizplus · Accepted Answer

Even successful global companies should not neglect their domestic market, as it can still be a significant source of revenue and growth. Introducing many new products immediately after entering a new market (A) may not be the best strategy, as this can be risky and costly. Acquiring a local competitor in each market (B) can also be expensive and not always necessary. Developing good negotiating skills (D) is important, but it is not the most critical factor for success in global markets.

Even for Companies Capable of Succeeding in Global Markets,it Is