Five Sets of Factors Should Be Considered When Deciding on How

question 32

Multiple Choice

Five sets of factors should be considered when deciding on how to enter a new foreign market.Identify the key feature of country characteristics.

• A)market size and growth
• B)tariffs or quotas
• C)government regulations
• D)speed and sequence

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Definitions:

Different Cultures

The variety of ways of life, traditions, and beliefs shared among groups of people from distinct geographic, ethnic, or social backgrounds.

Factor Analysis Method

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.

Genetics

The examination of genetic inheritance and the diversity of traits passed down among living organisms.

Environment

The surround or conditions in which a person, animal, or plant lives or operates, impacting development and behaviors.