Foreign firms should seek alliances with well-qualified local companies in countries characterized by inadequate legal and political frameworks because ________.
A)such alliances help eliminate business risks completely
B)through such partners, foreign firms can access local market knowledge
C)such alliances help foreign firms function without distributor networks
D)the dominance of family conglomerates in emerging economies are fast declining

Question

Quizplus · Accepted Answer

Local partners can provide valuable insights into the local market conditions, cultural nuances, and legal/regulatory environment, which can help foreign firms navigate the challenges associated with doing business in the country.

Foreign Firms Should Seek Alliances with Well-Qualified Local Companies in Countries