Question

Firms can avoid hostile government regulations by partnering with local firms

Firms can avoid hostile government regulations by partnering with local firms

Homework Answers

Answer #1

It is True that Firms can avoid hostile government regulations by partnering with local firms

Businesses must have a way of selling and promoting their goods in the new country which they normally do by contractual arrangements with a local company or distributor. The company will consider marking, packaging and pricing the product suitably for the market as it exports. The organization would need to let potential buyers know about its products in terms of marketing and promotion, whether it be by advertisements, trade shows or a local sales force.

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