Final answer:
To succeed in international markets, companies must fully commit to understanding and operating effectively within these markets, which requires flexibility and an ability to cater to local preferences, as well as integrating finance through international trade.
Step-by-step explanation:
To succeed in international markets, companies must commit themselves completely to understanding and effectively operating within foreign markets. This involves adapting to different cultural, economic, and legal environments. Unlike option A, which suggests binding strictly to traditional methods, success in international markets often requires flexibility and the ability to innovate and tailor products and services to local tastes and standards.
Options B and E, which focus on domestic markets, neglect the importance of direct engagement with international customers and understanding their unique needs. Similarly, C, venturing into multiple markets at once, can be a faulty strategy if a company is not prepared to manage the complexities of diverse markets. Lastly, option D, committing completely to foreign markets, suggests a balance is necessary; while a strong focus is needed, resources must also be managed to sustain and support domestic operations and the overall integrity of the company.
Integrating finance through international trade and paying attention to the development of both domestic and international financial markets are also crucial for any firm aiming to succeed globally. International trade opens up opportunities for economies of scale and access to a broader customer base, while also exposing firms to international competition, which can drive innovation and efficiency.