A "Think-Local,act Local" Multidomestic Strategy Entails

question 78

Multiple Choice

A "think-local,act local" multidomestic strategy entails:

• A) a narrow product line aimed at serving buyers in the same segments of country markets worldwide.
• B) giving local managers considerable strategy-making latitude and often producing different product versions for different countries.
• C) aggressive efforts to locate facilities in those country markets that have superior resources.
• D) pursuing strong product differentiation and competing in many buyer segments.
• E) extensive efforts to transfer a company's competencies and resource strengths from one country to another so as to keep entry costs into new country markets low.

Calculate and analyze inventory turnover ratios and days' sales in inventory.

Understand just-in-time (JIT) manufacturing techniques and their impact on inventory management.

Apply basic concepts of internal control systems relevant to manufacturing operations.

Understand the principles and benefits of constructive criticism and specific behavioral change requests.

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Definitions:

Extraversion

A personality trait characterized by orientation of interests and energies toward the external world and social interactions rather than internal thoughts and feelings.

Health Problems

Refers to conditions that disrupt or impair a person's physical or mental well-being.

Empty Nest Syndrome

A feeling of loneliness or loss of purpose that parents, and especially the mother, are theorized to experience when the youngest child leaves home.

Fluid Intelligence

The ability to reason and think flexibly, solving new problems without relying on previous knowledge.