In doing business in foreign countries, financing operations in the local market not only improves the company's business ties to the host community but also minimizes exchange rate risk.

Question

Quizplus · Accepted Answer

Financing operations in the local market means using the currency of the host community, which minimizes exchange rate risk that comes with converting currencies. It also helps build relationships with local partners and stakeholders, improving the company's reputation and business ties.

In Doing Business in Foreign Countries, Financing Operations in the Local