Answer to Question #214931 in Marketing for keda

Question #214931
One of the most important criteria for effective international negotiation is cross-cultural understanding. You are the marketing manager of a Caribbean company interested in entering the international market.

a) Explain the importance of cross-cultural knowledge in negotiating within a global economy.

b) List three (3) challenges you may encounter from insufficient market research.
1
Expert's answer
2021-07-08T21:35:01-0400

a) Explain the importance of cross-cultural knowledge in negotiating within a global economy.

Simply put, cross-cultural negotiation empowers you to craft better agreements with customers, suppliers, and coworkers. It also fosters better teamwork within your organization, especially when collaborating with colleagues from cultures you might be unfamiliar with.

b) List three (3) challenges you may encounter from insufficient market research.

  • It causes indecision
  • Inaction
  • Fear of risk or the truth

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS