In Order to Realize the Strongest Competitive Advantage,firms Engaged in Worldwide

question 21

Multiple Choice

In order to realize the strongest competitive advantage,firms engaged in worldwide competition must ___________.

• A) require that all of their various business units follow the same strategy regardless of location
• B) ensure that all business units follow a strategy strictly tailored to their respective locations
• C) pursue a strategy that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results
• D) attempt to use the strategy that was most successful in their home country

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Definitions:

Developing Country

A nation with a lower level of industrialization, lower living standards, and lower Human Development Index scores compared to developed countries.

Private Sector

The part of the economy that is run by individuals and companies for profit and is not under direct state control.

Public Sector

The part of the economy composed of government services and enterprises, including infrastructure, education, and healthcare services.

Labor Productivity

refers to the amount of goods and services produced by one hour of labor.