Narrowing its focus to a specific region of the world allows a firm to be more effective in handling ________ norms.

Question

Quizplus · Accepted Answer

By narrowing its focus to a specific region of the world, a firm can be more effective in handling cultural, social and legal norms. This is because these norms can vary greatly between regions and being able to understand and adapt to them is crucial for a firm's success in that region. Technological and political norms may also vary between regions, but they are generally easier to navigate compared to cultural and social norms.

Narrowing Its Focus to a Specific Region of the World