Many Canadian firms want to expand their sales in nations with high populations. What challenges will they face in dealing with these nations?

Question

Quizplus · Accepted Answer

High population nations may have lower purchasing power due to a larger population and greater income inequality. This can make it more challenging for Canadian firms to sell their products at a profit in these markets. Additionally, these nations may have their own domestic businesses that dominate the market, making it harder for foreign firms to gain a foothold.

Many Canadian Firms Want to Expand Their Sales in Nations