Question: 1 . Socio - Cultural Risks: Circumvention: U . S . companies can differentiate their products or services through innovation, quality, branding, or pricing strategies
SocioCultural Risks:
Circumvention: US 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 US companies compete effectively in Vietnam. Building strong relationships with distributors, retailers, and other key stakeholders can also create barriers to entry for competitors.
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