Which of the Following Findings Regarding the Base of the Pyramid

question 66

Multiple Choice

Which of the following findings regarding the base of the pyramid (BOP) strategy has significant implications for the globalization-national responsiveness framework?

• A) Building relationships directly and at the local level contributes to the reputation and fosters the trust necessary to overcome the lack of formal institutions such as the rule of law.
• B) The BOP may be an ideal environment for incubating new, leapfrog technologies.
• C) Business models forged successfully at the base of the pyramid have the potential to travel profitably to higher-income markets.
• D) The BOP strategy brings focus to those who are too poor to be viable customers for multinational companies.

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Definitions:

Integrated

Combining or coordinating separate elements so as to provide a harmonious, interrelated whole, often referring to systems or policies.

Internet And Social Media Strategies

Approaches employed by businesses and individuals to use the internet and social media platforms effectively for marketing, communication, and brand building.

Porter's Generic Strategies

Framework proposed by Michael Porter that outlines three strategic options available to organizations to gain competitive advantage: cost leadership, differentiation, and focus.

Total Quality Management

A comprehensive management approach focusing on continuous improvement of processes, products, and services by involving all employees to enhance customer satisfaction.