CPA is a newly established janitorial firm, and the owner is deciding what type of checking account to open. CPA is planning to keep a $500 minimum balance in the account for emergencies and plans to write roughly 80 checks per month. The bank charges $10

One example of a company that has successfully navigated the complex challenges of international growth is McDonald's. McDonald's has operations in over 100 countries and has adapted its strategy to suit each market. Firstly, McDonald's has taken into account factors that affect industry competitiveness that vary from country to country. For example, in India, where beef is not commonly consumed, McDonald's has adapted its menu to include only chicken, fish and vegetarian options. Secondly, McDonald's has leveraged location-based advantages in certain countries. In Japan, for example, McDonald's has introduced matcha-flavored products, which are popular in the local market. Thirdly, McDonald's has adapted its strategy to suit different government policies and economic conditions. For example, in China, McDonald's has expanded its delivery service to appeal to consumers who prefer to stay at home due to the COVID-19 pandemic. Fourthly, McDonald's has navigated currency exchange rate risks by sourcing local ingredients and establishing local supply chains. Lastly, McDonald's has taken into account cross-country differences in cultural, demographic and market conditions. In the Middle East, for example, McDonald's has adapted its menu to include more halal options. Overall, McDonald's success in achieving international growth can be attributed to its ability to adapt its strategy to suit the challenges and opportunities presented by different countries, demonstrating the importance of a flexible and adaptable approach in international business.