As indicated in "Prospering in Foreign Lands",Reaching Beyond Our Borders box: Companies founded in the U.S.under a capitalistic system are seldom successful in breaking through the communistic and socialistic systems when they go global.
Level of Learning 1: Knowledge of key terms

Question

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The statement is false because U.S. companies have often been successful in entering and operating in countries with communistic and socialistic systems by adapting their strategies to local markets and regulations.

As Indicated in "Prospering in Foreign Lands",Reaching Beyond Our Borders