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In a Short Essay, Explain the Cross-Cultural Risk Faced by Internationalizing

question 17

Essay

In a short essay, explain the cross-cultural risk faced by internationalizing firms. What causes this type of risk? Why might it pose a problem for internationalizing firms?


Definitions:

Parents

Individuals who have contributed to the birth and/or upbringing of a child, playing significant roles in their development and socialization.

Adults

Individuals who have reached a specific age, usually 18 or 21, where they are considered legally responsible for their actions and capable of entering into binding contracts.

Live Alone

The state of residing in a dwelling without the company of other individuals.

Crystallized Intelligence

The ability to use learned knowledge and experience, which typically increases with age.

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