Business
Business, 18.12.2019 00:31, milkshakegrande101

Why do firms pursuing global standardization or transnational strategies tend to prefer establishing wholly owned subsidiaries?

it is the most politically accepted mode of entry into foreign markets.

it has the least costs and risks associated with developing a foreign market.

it gives firms sound knowledge of the local markets, culture, and the political environment.

it protect competitive advantages based on technology.

it allows firms to use the profits generated in one market to improve its competitive position in another market.

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