When a Firm Focuses on Expanding into Foreign Markets Similar

question 69

Short Answer

When a firm focuses on expanding into foreign markets similar to their own,using successful practices and competencies that they have already developed in their home market,they are said to adopt a(n)____________________ strategy.

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Definitions:

Binding

Describes an agreement, contract, or legal decision that must be adhered to by the parties involved.

Appealed

To apply to a higher court for a reversal of the decision of a lower court.

International Arbitration

A process used to resolve disputes between parties from different countries outside the courts, using agreed upon arbitrators.

Arbitrators

Neutral third parties selected to impartially resolve disputes between parties in a binding arbitration process, outside of the court system.