Which Would Be the Appropriate Strategy for Companies to Use

question 42

Multiple Choice

Which would be the appropriate strategy for companies to use to compete in the global marketplace if both the pressures to lower costs and adapt locally are low?

• A) international strategy
• B) global strategy
• C) multidomestic strategy
• D) transnational strategy

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Definitions:

Insurable Interest

A requirement indicating that a policyholder must stand to suffer a financial loss or certain types of loss from the damage or loss of the insured subject.

Unexpressed Restriction

An implicit limitation or condition that is not explicitly stated but affects the use or application of an agreement or law.

Coverage Limitations

are restrictions or caps in an insurance policy indicating the maximum amount the insurer will pay for covered losses or damages.

Insurance Contract

A legally binding agreement between an insurer and the insured, detailing the terms, coverage, premiums, and obligations of both parties.