Which of the following factors restrains ethnocentric companies from pursuing opportunities in the global market?
A) experience transfer
B) scale economies
C) global strategy
D) management myopia

Question

Quizplus · Accepted Answer

Management myopia, the belief that the way things are done in the home country is the only way, can limit or prevent ethnocentric companies from pursuing opportunities in the global market. These firms may lack the necessary understanding of local cultures and business practices, making it difficult to adapt and compete effectively in foreign markets. The other options listed (experience transfer, scale economies, global strategy) do not necessarily restrain ethnocentric companies from pursuing global opportunities.

Which of the Following Factors Restrains Ethnocentric Companies from Pursuing