The Essential Difference Between a "Think Global,act Global" and a "Think

question 3

Multiple Choice

The essential difference between a "think global,act global" and a "think global,act local" approach to strategy-making is that:

• A) a "think global,act global" approach entails extensive strategy coordination across countries and a "think global,act local" approach entails little or no strategy coordination across countries.
• B) the former aims at implementing the same business model worldwide,whereas the latter aims at implementing customized business models to better match local market circumstances.
• C) the "think global,act local" approach gives local managers more latitude to make minor strategy variations where necessary to better satisfy local buyers and to better match local market conditions.
• D) a "think global,act global" approach involves selling a mostly standardized product worldwide,whereas a "think global,act local" approach entails selling products that are highly differentiated from country to country.
• E) a "think global,act global" approach involves selling under a single brand name worldwide,whereas a "think global,act local" approach entails utilizing multiple brands (typically one for each different country or group of neighboring countries).

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Definitions:

Approximate

A value or quantity that is nearly but not exactly correct, often used when exact figures are not necessary or available.

Properties

Refers to characteristics or attributes that define or identify mathematical figures, numbers, and operations.

Logarithms

A logarithm with a specified base is the exponent by which the base must be raised to yield a particular number. It is a different way to express exponentiation.

Condense

The process of combining several mathematical expressions or elements into a simpler form.