When Pepsi first entered into the Indian market,the Indian government had strict foreign exchange regulations that would stop Pepsi from taking profits out of the country.Pepsi believed that any attempt to convince the Indian government to alter this policy on its behalf would prove futile.The firm decided to reinvest all Indian profits in the local market for the foreseeable future.In this example,Pepsi chose to employ the ____ strategy for managing regulatory change.

Question

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Pepsi chose to comply with the existing regulations by reinvesting profits locally instead of attempting to change the policy, which is an example of the "accede" strategy for managing regulatory change.

When Pepsi First Entered into the Indian Market,the Indian Government