As in the Case of Siebel Systems, Elements of a Global

question 37

Multiple Choice

As in the case of Siebel Systems, elements of a global strategy may facilitate the competitive advantage of differentiation by

• A) increasing the freedom of individual business units to adapt to local tastes.
• B) creating a worldwide network to achieve consistent service regardless of location.
• C) offering flexibility in applying R&D to meet country-specific needs.
• D) tailoring products to meet country-specific needs.

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Definitions:

Maximize Profits

The objective of most private firms to increase their bottom line to the highest possible level given their resources and market conditions.

Natural Monopolies

A market condition where due to high infrastructure costs or significant barriers to entry, a single company can supply a product or service more efficiently than multiple competing firms.

Government Regulation

The establishment of rules and laws by government bodies that are intended to control or govern conduct and practices within various sectors.