Question: 1 . Socio - Cultural Risks: Circumvention: U . S . companies can differentiate their products or services through innovation, quality, branding, or pricing strategies

1. Socio-Cultural Risks:
Circumvention: U.S. companies can differentiate their products or services through innovation, quality, branding, or pricing strategies to stand out in the market.
Mitigation: Conducting thorough market research to understand competitors' strengths and weaknesses, identifying niche markets or underserved segments, and developing tailored marketing campaigns can help U.S. companies compete effectively in Vietnam. Building strong relationships with distributors, retailers, and other key stakeholders can also create barriers to entry for competitors.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!