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A local firm has built a successful business but acknowledges it would be difficult to continue to compete with a large MNE. The MNE makes an offer to buy the local firm's interests, and the local firm accepts the offer. It is following the:
Marketing Approach
A strategy businesses use to identify and meet the needs of their customers through various activities like advertising, selling, and delivering products.
Product Expectations
Consumer anticipations or beliefs about the performance and quality of a product or service before purchase.
Global Marketing Strategy
An approach to marketing that considers the world as a single market and includes strategies to compete on a global scale, adapting to various cultural, legal, and economic environments.
Customer Preferences
Describes the likes, dislikes, desires, and needs that a customer exhibits when choosing a product or service.
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