When an Organization Plans to Expand in a Foreign Country

question 29

True/False

When an organization plans to expand in a foreign country, it needs to understand what the local consumers look for when making a purchase decision.

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Definitions:

Interpersonal Relationships

Social connections and associations between two or more individuals, varying in duration and levels of intimacy and significance.

Esteem Needs

are psychological requirements for respect, self-esteem, recognition, and confidence, part of Maslow's hierarchy of needs.

Personal Competence

An individual's ability to effectively manage and use their own emotions and skills in various situations.

Management By Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.