Tailoring a Strategy to Fit the Circumstances of Emerging Country

question 77

Multiple Choice

Tailoring a strategy to fit the circumstances of emerging country markets does not typically involve

• A)competing on the basis of low price.
• B)modifying aspects of the company's business model to accommodate local circumstances (but not so much that the company loses the advantage of global scale and global branding).
• C)transforming the local market to better match the way the company does business elsewhere.
• D)developing a strategy for the short-term and forget about a long-term strategy because conditions in emerging country markets change so rapidly.
• E)avoiding those emerging markets where it is impractical or uneconomic to modify the company's business model to accommodate local circumstances.

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Definitions:

Insurance Proceeds

The money received from an insurance company as a payout for claims made under an insurance policy.

Insured

A person or entity covered under an insurance policy, protected against specified losses or damages.

Damage

Loss or harm resulting from injury to a person, property, or reputation.

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Insurance that provides wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for negligence.