A Key Approach for a Company to Grow Sales and Profits

question 100

Multiple Choice

A key approach for a company to grow sales and profits in several country markets is to

• A) transfer its valuable competencies and resource strengths among these markets to aid in the development of broader competencies and capabilities.
• B) employ a multidomestic strategy rather than a global strategy.
• C) locate technical after-sale services close to buyers.
• D) minimize transportation costs among these markets.
• E) take advantage of less restrictive restrictions and requirements of host governments.

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Definitions:

Food Crops

Plants cultivated for consumption as food by humans or livestock, such as grains, vegetables, and fruits.

Corn

A cereal plant that yields large grains, or kernels, set in rows on a cob; widely cultivated as food crops for humans and as fodder for animals.

Wheat

A cereal grain, originally from the Levant region of the Near East and Ethiopian Highlands, which is a staple food in many parts of the world.

Rice

A staple food cereal grain that is a major dietary component for a large portion of the world's population, especially in Asia.