Laney, a student at University with an eye for international business opportunities, is considering entering the British market with an exclusive, elitist and, expensive line of pet clothing and treats. Laney, enterprising young lady, has developed an online platform to sell and supporter product line Increasingly, for any number of reasons, folks in America regard their pets, especially dogs and cats, like members of the family and many people regularly spend great amounts of money on indulging their furry friends. Laney’s main question is whether folks in England regard their pets in the same sort of way, if so, would spend large amounts of money on their pets. In the back of her mind, Laney realizes that folks in some countries treat animals as critters, resisting the temptation to anthropomorphize them--that is, attribute human characteristics or behavior to  their pets. However, in recent discussions in her international business class, Laney senses there is a good degree of cultural overlap between England and America, but is unsure whether this overlap extends to indulging the care and comfort of pets.  *** Question | At this point, before proceeding, Laney must come to terms with which two of the following issues. A) Whether key cultural differences in the views of pet care between the two countries are significant or trivial. B) The extent to which the British culture is willing and ready to accept US standards of pet care.   C) Determining the likelihood of low cost competitive product from Far East suppliers.   D) The necessity to adapter her operation to unknown contingencies in the British retail market they find in foreign cultures.   E) The scale and scope of political risk in the British consumer market.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

Laney, a student at University with an eye for international business opportunities, is considering entering the British market with an exclusive, elitist and, expensive line of pet clothing and treats. Laney, enterprising young lady, has developed an online platform to sell and supporter product line

Increasingly, for any number of reasons, folks in America regard their pets, especially dogs and cats, like members of the family and many people regularly spend great amounts of money on indulging their furry friends.

Laney’s main question is whether folks in England regard their pets in the same sort of way, if so, would spend large amounts of money on their pets. In the back of her mind, Laney realizes that folks in some countries treat animals as critters, resisting the temptation to anthropomorphize them--that is, attribute human characteristics or behavior to  their pets.

However, in recent discussions in her international business class, Laney senses there is a good degree of cultural overlap between England and America, but is unsure whether this overlap extends to indulging the care and comfort of pets. 

***

Question | At this point, before proceeding, Laney must come to terms with which two of the following issues.

A) Whether key cultural differences in the views of pet care between the two countries are significant or trivial.

B) The extent to which the British culture is willing and ready to accept US standards of pet care.
 
C) Determining the likelihood of low cost competitive product from Far East suppliers.
 
D) The necessity to adapter her operation to unknown contingencies in the British retail market they find in foreign cultures.
 
E) The scale and scope of political risk in the British consumer market.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON