What determines the success or failure of businesses in foreign market entries?
A) Overwhelming resources and capabilities to offset the liability of foreignness.
B) Understanding the rules of the game governing competition in foreign countries
C) Matching efforts in market entry and geographic diversification with strategic goals.
D) All of these answers

Question

Quizplus · Accepted Answer

The success or failure of businesses in foreign market entries is determined by a combination of factors, including overwhelming resources and capabilities to offset the liability of foreignness, understanding the rules of the game governing competition in foreign countries, and matching efforts in market entry and geographic diversification with strategic goals. Therefore, all of the given options are important determinants of success or failure in foreign market entries. All of these factors play a significant role in determining the success or failure of businesses in foreign market entries. Having overwhelming resources and capabilities can help offset the liability of foreignness, which is a challenge that businesses face when entering a new market. Understanding the rules of the game governing competition in foreign countries is also crucial in order to be able to effectively compete in these markets. Lastly, it is important to match efforts in market entry and geographic diversification with strategic goals, in order to ensure that the expansion into foreign markets aligns with the overall goals and objectives of the business.

What Determines the Success or Failure of Businesses in Foreign