For an international firm,entering a foreign market before other international businesses does not have any drawbacks.

Question

Quizplus · Accepted Answer

Entering a foreign market before other international businesses may have its advantages, such as first-mover advantage, but it also has potential drawbacks such as the risk of greater uncertainty and lack of local market knowledge. Additionally, there may be existing domestic competitors that have established brand recognition and customer loyalty.

For an International Firm,entering a Foreign Market Before Other International