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Differentiate Global Strategy from Multidomestic Strategy for a Business Wanting

question 51

Essay

Differentiate global strategy from multidomestic strategy for a business wanting to compete abroad. Discuss the advantages and disadvantages of each strategy.


Definitions:

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Endorphins

Chemical substances in the nervous system that are similar in structure and action to opiates; they are involved in pain reduction, pleasure, and memory and are known technically as endogenous opioid peptides.

Soothing Effect

A calming or relaxing influence that reduces stress or discomfort.

Human Evolution

The lengthy process of change by which people originated from apelike ancestors, characterized by developments such as bipedalism and larger brains.

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