“…Still, they have high costs from operating subsidiaries abroad (Vahlne and Johanson, 2017), so the effect of this strategy is low on profits but still positive (Nguyen and Rugman, 2015). As the company uses COBOP derived from a previously built positive image (Suter et al, 2018;Volles et al, 2016) to reduce resistance to the company's brand (Kim, 2017;Moeller et al, 2013), the cost of this positioning for the firm is low, meaning it can derive easier profit from it. Therefore, H2a.…”