_____ arise when the business system in a foreign country is so different from that in a firm's home market that the enterprise has to devote considerable effort,time,and expense to learning the rules of the game.
A)Time-based costs
B)First-mover advantages
C)Pioneering costs
D)Introductory costs

Question

Quizplus · Accepted Answer

Pioneering costs are costs that an early entrant has to bear that a later entrant can avoid.Pioneering costs arise when the business system in a foreign country is so different from that in a firm's home market that the enterprise has to devote considerable effort,time,and expense to learning the rules of the game.

_____ Arise When the Business System in a Foreign Country