When a Local Firm Focuses on Leveraging Its Knowledge of Local

question 12

Short Answer

When a local firm focuses on leveraging its knowledge of local tastes and customs as well as good relationships with local distributors and suppliers to compete with large multinational companies,they are said to adopt a(n)____________________ strategy.

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Definitions:

Conclusions

Final judgments or decisions derived after the completion of a process, experiment, or analysis.

Simple Random Sample

A sample in which each member of the population has an equal chance of being selected.

Equal Chance

A condition in probability where every outcome in a sample space is equally likely to occur.

Observations

The act of monitoring or recording data during an experiment or study.