A "Think Local,act Local" Multidomestic Type of Strategy

question 3

Multiple Choice

A "think local,act local" multidomestic type of strategy:

• A) is very risky,given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
• B) is usually defeated by a "think global,act global" type of strategy.
• C) becomes more appealing the bigger the country-to-country differences in buyer tastes,cultural traditions,and market conditions.
• D) is generally an inferior strategy when one or more foreign competitors are pursuing a global low-cost strategy.
• E) can defeat a global strategy if the "think local,act local" multicountry strategist concentrates its efforts exclusively in those foreign markets which have superior resources.

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Definitions:

Rebuilt in the Field

Refers to the process of repairing, restoring, or assembling machinery or equipment directly at the site of use or operation.

Cost Effective

Referring to an operation, process, or product that provides the best possible outcome or value for the money spent, often used in evaluating financial decisions and investments.

Spring Brake Chamber

A unit in heavy-duty vehicle braking systems that uses spring force to apply parking brakes.

Pushrod Clevis Yoke

A component in mechanical linkage systems, specifically designed to connect a pushrod to a functioning part, ensuring movement transmission.