Which of the Following Strategies Is Appropriate for Companies in Industries

question 24

Multiple Choice

Which of the following strategies is appropriate for companies in industries where buyer preferences do not converge across national borders?

• A) retrenchment strategy
• B) global strategy
• C) multidomestic strategy
• D) mass customization strategy

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Definitions:

Statute Of Frauds

A legal principle that requires certain types of contracts to be written in order to be enforceable.

Substantial-purpose Rule

A legal doctrine that focuses on the main objective of an action to determine its legality or the applicability of certain laws.

Main-purpose Rule

A legal principle stating that if the main purpose of a promise to pay another's debt is to benefit the promisor, the promise may be enforceable without being in writing.

Executor

An individual appointed in a will to manage the estate of the deceased, ensuring that all affairs are settled and wishes are honored.