When Is a Think-Local,act-Local Approach to Strategy Making Appropriate

question 58

Multiple Choice

When is a think-local,act-local approach to strategy making appropriate?

• A) When the need for local responsiveness is minimal and when potential efficiency gains from standardization is unrestricted by cross-country opportunities
• B) When the local manager is intellectually savvy
• C) When the local market provides strong opportunity for growth and profitability
• D) When the need for local responsiveness is high due to significant cross-country differences in demographic,cultural,and market conditions and where benefits from standardization is limited
• E) When the need for centralized decision making is relevant due to various macroeconomic and market conditions

---

Definitions:

S&P Rating

A credit rating given by Standard & Poor's, evaluating the creditworthiness of a borrower, ranging from AAA (excellent) to D (in default).

Investment Grade

A credit rating indicating a low risk of default, used to classify bonds that are considered safe investments.

BBB

A bond credit rating given to a medium credit quality debt instrument, indicating moderate risk.

Primary Market Transaction

Deals with the issuance of new securities directly from the issuer to investors.