Which Statement Is Not a Reason BP Implemented a Multidomestic

question 4

Multiple Choice

Which statement is not a reason BP implemented a multidomestic competitive strategy to market its Castrol oil lubricants around the world?

• A)Buyers in different countries are attracted to different product attributes.
• B)The benefits from global integration and standardization are high.
• C)Industry conditions and competitive forces in each national market differ in important respects.
• D)The mix of competitors in each country market varies from country to country.
• E)Winning in one country market does not necessarily signal the ability to fare well in other countries.

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Definitions:

Laissez-faire Market

An economic model where exchanges between individuals or businesses are not subject to governmental regulations, preferential treatments, duties, or financial support.

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.