Which of the Following Is the Most UNLIKELY Element of a "Think

question 32

Multiple Choice

Which of the following is the most UNLIKELY element of a "think global,act global" approach to crafting a global strategy?

• A) Having minimal responsiveness to buyer tastes,cultural traditions,and market conditions in each country market
• B) Scattering plants across many countries,with each plant producing product versions for local area markets
• C) Utilizing the same competitive capabilities,distribution channels,and marketing approaches worldwide
• D) Requiring local managers in host countries to stick close to the chosen global strategy
• E) Selling much the same products under the same brand names worldwide

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Definitions:

Imperfectly Competitive Market

A market structure where all firms have some control over the prices because the products are differentiated and there are few participants.

Total-Product Schedule

A chart that shows the maximum output of a good achievable from different levels of input usage, holding technology constant.

Purely Competitive

A market structure characterized by a large number of small firms, homogeneity of product, and free entry and exit from the market.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or input in production.