Explain Why a Company Desirous of Competing in Foreign Markets

question 61

Essay

Explain why a company desirous of competing in foreign markets needs to pay careful attention to where it locates it value chain activities.

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Definitions:

Russian Physiologist

Refers to a scientist from Russia specializing in physiology, which is the scientific study of normal mechanisms, and their interactions within living systems.

Psychology Impact

The influence or effects of psychological factors on an individual's well-being or behavior.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, evokes a conditioned response.

Bee Stung

A painful condition resulting from a bee's sting, which can inject venom into the skin.