________ and ________ are examples of location factors in entry mode planning.
A) Country risk; cultural distance
B) Size of planned venture; knowledge of local market
C) Industry growth rate; potential of local market
D) International experience; competition in local market

Question

Quizplus · Accepted Answer

Country risk and cultural distance are both location factors that should be taken into consideration when planning entry mode. Country risk refers to the potential financial, legal, and political risks associated with doing business in a particular country. Cultural distance refers to the differences in language, customs, and social norms that can make it more difficult to establish a successful business in a foreign market. Both of these factors can have a significant impact on the success of an entry mode strategy.

________ and ________ Are Examples of Location Factors in Entry

and Are Examples of Location Factors in Entry