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Differences and the CAGE Distance Framework, make a summary of this article.

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Microsoft Word - Differences and the CAGE Distance FrameworkFeb2012
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Answered 2 days After Apr 21, 2023

Solution

Sanjukta answered on Apr 23 2023
25 Votes
International Business
The word CAGE is mainly an acronym for Geographical, Cultural, and Administrative as well economic distance. Furthermore, CAGE distance framework tends to enable companies for analysing markets within different countries. On the other hand, this author has introduced the readers to the CAGE distance framework which is mainly used for prioritizing and identifying the differences between countries that firms should address when developing the strategies of the cross-border (Ghemawat & Altman, 2016).
There are some of the major advantages of the CAGE Distance framework such as it is comprehensive in the categories, it forces consideration on a wide range of issues that can impact an individual, it enables discussion to take advantage of the differences along with it provides a crystal clear look at the partialities that prevails in terms of entering into the marketplace. The author have stated that with the help of this framework the important information are captured that one needs to consider when entering a new marketplace but it can be also applied for entering a different type of industry.
The CAGE framework can also be used to contrast...
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