Question: With regard to foreign market entry, the resource - based view argues that foreign firms need to take actions deemed legitimate and appropriate by the

With regard to foreign market entry, the resource-based view argues that foreign firms need to
take actions deemed legitimate and appropriate by the various formal and informal institutions governing market entries
be aware of the numerous regulatory risks and trade and investment barriers
deploy overwhelming resources and capabilities to offset their liability of foreignness
understand the numerous differences in cultures, norms, and values
 With regard to foreign market entry, the resource-based view argues that

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