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:

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution without violating any constraints.

Permanent Full-Time

Employment status where individuals are hired for a continuous duration without an anticipated end date and work a full schedule, usually defined by the employer.

Historical Percentages

Percentages calculated from past data, used to make predictions or assessments about future trends.

Multinomial Experiment

An experiment involving outcomes that can fall into one of several categories, generalizing binomial experiments.