A Firm That Allows Each Market to Adapt to the Local

question 7

Multiple Choice

A firm that allows each market to adapt to the local conditions and pursue the strategy they choose best in that local market is using a:

• A) global strategy.
• B) transnational strategy.
• C) hybrid strategy.
• D) multi-domestic strategy.

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Definitions:

Colonies' Economy

The economic systems and practices of European colonies, often characterized by agriculture, trade, and the exploitation of indigenous peoples and resources.

Treaty of Paris 1783

The agreement that ended the Revolutionary War, recognizing American independence from Britain and establishing the borders of the new nation.

Loyalists

Individuals, especially during the American Revolutionary War, who remained loyal to the British Crown and opposed the independence movement.

Western Hemisphere

The half of Earth that lies west of the Prime Meridian and east of the Antimeridian, including the Americas.