Question

Strategists at Target Corporation considered three elements to ensure a successful international expansion effort into Italy, and the only one they did not consider ___________was competitive dynamics in the foreign market the extent to which firm-specific advantages would hold up in Italy the impact of the cultural differences in Italy the risks and returns inherent in doing business in Italy________

Answer 1

Target Corporation did not consider the impact of cultural differences in Italy for its international expansion effort.

Step-by-step explanation:

The question is related to the strategic considerations made by Target Corporation for its international expansion effort into Italy. Of the three elements considered, the one they did not consider was the impact of cultural differences in Italy.

Cultural differences can significantly affect a company's success when operating in a foreign market. By understanding and addressing cultural nuances, a company can adapt its business operations, marketing strategies, and customer experience to effectively cater to the local market.

For instance, in Italy, cultural factors such as language, traditions, social norms, and consumer behavior may influence how Target Corporation designs its product offerings, pricing strategies, and promotional activities. By accounting for these cultural differences, Target can better position itself to compete successfully in the Italian market.