Sometimes alliances are necessary in order to include a proportion of local contact in a product.

Question

Quizplus · Accepted Answer

This statement is true. Alliances or partnerships can bring in local expertise, resources, and knowledge that are essential for creating a successful product that meets the needs of local consumers. This is particularly true in industries such as food, fashion, and tourism, where local customs, tastes, and preferences play a critical role in determining the success of a product or service. Working with local partners can help businesses navigate the cultural nuances, market dynamics, and regulatory requirements of a new market, and can increase the chances of success in the long term.

Sometimes Alliances Are Necessary in Order to Include a Proportion