For a Company to Create a Home Country Advantage and Become

question 23

Multiple Choice

For a company to create a home country advantage and become competitively strong in a foreign market,it should base its strategy around which of the following factors?

• A) The proximity of suppliers,end users,and complementary industries.
• B) Different styles of management and organization and the degree of local rivalry.
• C) The availability and relative prices of inputs.
• D) Demand conditions in the industry's home market,including size and growth potential and the nature of domestic buyers' needs and wants.
• E) The level of rivalry existing in the foreign market.

Grasp the essential characteristics of enterprising organizations and their strategies for competitive advantage.

Comprehend the impact of a family's entrepreneurial activity on innovation and transformational change.

Identify the mechanisms of family corporate venturing and its relevance to enterprising families.

Recognize the importance of effective communication and mentoring in building a successful enterprising family.

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Definitions:

Progressive

Favoring or promoting change, improvement, or reform, especially in political, social, or educational practices.

Immediate Discharge

The abrupt termination of an employee's contract or employment without notice, usually due to serious misconduct or breach of policy.

Correct Behavior

Actions and conduct that are in accordance with organizational policies, societal norms, and legal standards.

Social Anxiety

A form of anxiety characterized by an intense fear of social situations, leading to avoidance and significant distress in daily functioning.