In the Context of Choosing an International Strategy, Identify a Difference

question 3

Multiple Choice

In the context of choosing an international strategy, identify a difference between a multidomestic strategy and a meganational strategy?

• A) Unlike a multidomestic strategy, a meganational strategy helps a company pursue a cost-leadership strategy at the local level.
• B) Unlike a multidomestic strategy, a meganational strategy simultaneously offers the benefits of both global and local advantages.
• C) Unlike a multidomestic strategy, a meganational strategy requires that companies exploit location economies.
• D) Unlike a multidomestic strategy, a meganational strategy requires that companies respond to differentiated needs of customers in each of the countries where they operate.

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Definitions:

Sociocultural Perspective

A viewpoint in psychology that emphasizes the importance of social interactions and cultural determinants in understanding human behavior and mental processes.

Social Forces

The societal structures, institutions, and dynamics that influence individuals' behaviors, attitudes, and life chances.

Cultural Forces

The various factors within a society that influence and shape its members' values, beliefs, behaviors, and norms.

Cognitive Perspective

A psychological approach that emphasizes mental processes, such as perception, memory, and problem-solving, as forms of information processing.