Local Brands Do Not Enjoy a Pioneering Advantage by the Fact

question 94

True/False

Local brands do not enjoy a pioneering advantage by the fact of being the first one in the market.

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Definitions:

Low-context Culture

A communication style where messages are explicit, and understanding is based primarily on verbal communication rather than contextual or non-verbal cues.

Power Distance

A cultural dimension that describes the extent to which less powerful members within a society accept and expect power to be distributed unequally.

Cultural Differences

The variations in the practices, values, and beliefs among different groups of people.

Not-invented-here Syndrome

A mindset or culture within an organization where innovations or solutions that originated externally are rejected or not adopted.