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Question 20 List out the Challenges about doing business in international markets: give a one sentence...

Question 20
List out the Challenges about doing business in international markets: give a one sentence overview of each. please use bullet points_
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Answer #1

Explanation:

- The most important challenge will be to understand the local market and culture in that particular country which enable smooth penetration in that market.

- Communication does play essential role in international market as how to communicate with local people and make them understand about the product and make them buy it.

- Market research remains a challenge to international expansion, without proper market research product will fail entering into market.

- Export duties and different tariff in that particular nation remains a challenge to overcome for efficient operation of company.

- To launch a proper marketing channel or program is also a challenge for company to survive and be successful in that market

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