Explanation:
These partners are crucial for companies expanding globally, as they offer valuable insights and services like regulatory compliance, market research, and local hiring. They help bridge the gap between foreign businesses and local practices.
Practical Example of an In-Country Partner:
A U.S. software company expanding into Japan partners with a Japanese firm specializing in business consultancy and legal services to facilitate its entry into the Japanese market, ensuring compliance with local laws and understanding cultural nuances.
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