Even If a Firm Does Not Fully Succeed in the First

question 36

True/False

Even if a firm does not fully succeed in the first steps of foreign market entry, there is still a good chance that it will be able to become a strong international player.

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Definitions:

Over Time

This term refers to the concept of a duration or period extending beyond the usual or expected time, often used in contexts ranging from work hours to the study of change.

Behavioral Economics

The subfield of economics that integrates the insights of psychology

Inconsistent

Lacking compatibility or uniformity, or displaying variance and contradiction within a stated set of facts or values.

Promising

Showing signs of future success or positive outcomes; indicative of potential or likelihood to achieve something desirable.