When Substantial Product Modifications Are Needed for Cultural Reasons, a Company

question 103

True/False

When substantial product modifications are needed for cultural reasons, a company might choose to establish production facilities in the target market itself.

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Definitions:

Self-fulfilling Prophecies

The phenomenon whereby a belief or expectation, whether correct or not, affects the outcome of a situation or the way a person behaves, making the initially held belief come true.

Buy-in

The process of gaining agreement on a proposal or plan from all stakeholders and participants.

Looking-glass Self

A concept in sociology suggesting that an individual's self-perception is influenced by how others perceive and interact with them.

Self-concept

The entirety of an individual's thoughts and feelings regarding themselves, including their identity and perception of their own abilities and attributes.