As firms gain more experience operating in international markets,they prefer to enter markets that have institutional environments and cultures similar to their own.

Question

Quizplus · Accepted Answer

As firms gain more experience in operating in international markets, they often become more willing to adapt to different institutional environments and cultures. This allows them to access a wider range of markets and potentially increase their profits. Therefore, they may not necessarily prefer to enter markets that are similar to their own.

As Firms Gain More Experience Operating in International Markets,they Prefer