(Answered)-Describe three strategies for introducing a product to a new - (2025 Updated Original AI-Free Solution

Question

1. Describe three strategies for introducing a product to a new international market.
2. Why might a company want to adapt its product to a local market rather than doing a straight product extension? Provide an example of a company who adapted its products to the local market and the reasons why.
3. What are the challenges of product-invention strategy?
4. Could the country-of-origin effect be used to a company?s advantage. Provide an example.
5. Explain reverse innovation and the potential advantages it has