When Foreign Competitors Enter Emerging Markets, Local Firms Can Use

question 76

Multiple Choice

When foreign competitors enter emerging markets, local firms can use ____________ strategies that take advantage of local market expertise to move into markets that have similar characteristics to their own:

• A) Contender
• B) Defender
• C) Dodger
• D) Extender

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Definitions:

Outcomes

The results or consequences of an action, process, or scenario.

Special-Interest Effect

Any political outcome in which a small group (“special interest”) gains substantially at the expense of a much larger number of persons who each individually suffers a small loss.

Government Policy

refers to the actions taken by a government to address issues or achieve goals, which may involve regulations, laws, or spending priorities.