Which of the Following Is NOT a Typical Option That

question 134

Multiple Choice

Which of the following is NOT a typical option that companies have to consider to tailor their strategy to fit the circumstances of emerging country markets?

• A) Prepare to compete on the basis of low price.
• B) Be prepared to modify aspects of the company's business model to accommodate local circumstances (but not so much that the company loses the advantage of global scale and global branding).
• C) Try to change the local market to better match the way the company does business elsewhere.
• D) Develop a strategy for the short-term and forget about a long-term strategy because conditions in emerging country markets change so rapidly.
• E) Stay away from those emerging markets where it is impractical or uneconomic to modify the company's business model to accommodate local circumstances.

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Definitions:

Special Natural Endowment

Unique natural resources or advantages that a country or region possesses, which can provide a competitive edge in certain industries or sectors.

Japanese Dominance

A period or concept where Japan excels or has excelled significantly in certain industries or economic sectors, outperforming competitors.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choice.