​A Company Is Most Likely Doomed to Failure in a Foreign

question 35

Multiple Choice

​A company is most likely doomed to failure in a foreign country if it _____.

• A)does not understand the country's culture
• B)​does not emphasize its home country's language over that of the country
• C)​varies its marketing mix based on the country's economic growth
• D)pays attention to the country's demographics

---

Definitions:

John Nash

A mathematician and Nobel Prize winner known for his work in game theory, including the development of the Nash equilibrium concept.

High-Tech Revolution

The rapid and widespread advancements in technology and digital systems that drastically changed industries, economies, and societies.

Competitive Market Structures

Describes the organization and characteristics of markets, varying in the level of competition from perfect competition to monopoly.

Contestable Market Model

A theory suggesting that a market with free entry and exit can be competitive even if there are few firms, due to potential competition.