When Comparing and Contrasting the Differences Between a Localized Multidomestic

question 67

Multiple Choice

When comparing and contrasting the differences between a localized multidomestic strategy and a global strategy you would not say that

• A)a global strategy entails extensive strategy coordination across countries and a multidomestic strategy entails little or no strategy coordination across countries.
• B)a global strategy often entails use of the best suppliers from anywhere in the world, whereas a multidomestic strategy may entail fairly extensive use of local suppliers (especially where use of local sources is required by host governments).
• C)a global strategy tends to involve use of similar distribution and marketing approaches worldwide, whereas a multidomestic strategy often entails adapting distribution and marketing to local customs and the culture of each country.
• D)a global strategy involves striving to be the global low-cost provider by economically producing and marketing a mostly standardized product worldwide, whereas a multidomestic strategy entails pursuing broad differentiation and striving to strongly differentiate its products in one country from the products it sells in other countries.
• E)a global strategy relies upon the same technologies, competencies, and capabilities worldwide, whereas a multidomestic strategy often entails the use of somewhat different technologies, competencies, and capabilities as may be needed to accommodate local buyer tastes, cultural traditions, and market conditions.

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Definitions:

ERISA

The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.

Vested

A term used to describe the point at which an employee has earned the right to keep all their benefits, often from retirement plans, regardless of their employment status with the company.

Tax Advantages

Financial benefits gained through the application of tax laws that reduce the amount of tax a person or company owes, often used to encourage certain activities or investments.

Domestic Partners

Two individuals who live together and share a domestic life but are not married to each other.