What challenges would Red Fish-Blue Fish likely experience?

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What challenges would Red Fish-Blue Fish likely experience?

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What challenges would Red Fish-Blue Fish likely experience?

Answer & ExplanationSolution by a verified expert55 Studiers

Explanation
Company R has been very successful in Country U. However, Company R is likely to face difficulties in the global market due to insufficient knowledge and experience of the international market.

The following challenges can be faced by Company R:

Economic factor: Factors such as price inflation and increasing competition in the market can cause disturbed revenue for the company.
Operational factor: There could be a shortage of warehousing space and logistics or higher tax rates.
Global sales: The sale of goods and services over the boundaries might be disappointing because of the inability of the company to provide adequate services.
Cultural factors: The difference in language and culture may hinder the growth of business internationally. For example, the ethics of one country may allow the practice of unhygienic food production but some countries may deny the same.
Existing competition: The current rivals of the business will affect the expansion as the growing industry attracts more competitors.
Sample Response
The challenges Company R could face are as follows:

Economic fluctuation
Operational discrepancies
Unsatisfactory global sales
Cultural differences
Increase in competition

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