Establishing local ties during the market-development cycle develops relationships that can counter political risk.

Question

Quizplus · Accepted Answer

Establishing local ties can help mitigate political risk by creating relationships with key local players and building trust and goodwill within the community. This can help the company navigate any political challenges that may arise and reduce the likelihood of negative consequences such as regulatory barriers or negative public perception.

Establishing Local Ties During the Market-Development Cycle Develops Relationships That