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The dissemination of information on corporate value, recruiting, compensation, training, and other management practices is hampered by cultural distance. This breeds uncertainty.
Which of the following factors in the cage framework is the most significant determinant of economic distance?
monetary separation The degree of consumer wealth between nations and the cost of labor are two of the main factors that affect economic distance. A corporation from a wealthy nation may find it more challenging but not impossible to succeed in a poorer nation.
Which of the following dimensions is taken into account while calculating cage distance?
The CAGE Distance Framework outlines the Cultural, Administrative, Geographical, and Economic (CAGE) distances or disparities between nations that businesses should take into consideration while developing their global strategies.
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