Asked by
Clarissa Marie
on Nov 22, 2024
Verified
Sharon is the chief executive officer of Kacey Cosmetics, a leading cosmetics brand in Australia. She is in consultation with the company's board of directors to plan strategies about expanding the company's operations to Europe. Which of the following can help Kacey Cosmetics in successfully engaging in international business?
A) Focusing on the external factors that are consistent across companies and industries
B) Knowing that the best way to do business domestically is the best way to do business internationally
C) Knowing how to manage activities when differences arise
D) Understanding that customers and suppliers speak the same language
External Factors
Influences from outside an organization or system that can impact its performance, including economic, social, political, and environmental forces.
Differences Arise
Refers to the emergence of disagreements or conflicts in various contexts, including cultural, political, or economic interactions.
- Analyze the influence of worldwide activities on an enterprise's competitive edge.
- Acknowledge the significance of modifying business strategies for global markets.
Verified Answer
AR
Learning Objectives
- Analyze the influence of worldwide activities on an enterprise's competitive edge.
- Acknowledge the significance of modifying business strategies for global markets.