The Best Strategy Options for a Local Company in Competing

question 92

Multiple Choice

The best strategy options for a local company in competing against global challengers include:

• A) locating buyer-related activities,such as sales,advertising,or technical assistance,close to buyers.
• B) export strategies,entering into alliances and/or joint ventures with one or more foreign companies having globally competitive strengths,and/or cross-border transfer strategies.
• C) export strategies,licensing strategies,franchising strategies,and cross-market coordination strategies.
• D) using an understanding of local customer preferences to create customized products or services,transferring the company's expertise to cross-border markets,and/or using acquisitions and rapid growth strategies to defend against expansion-minded multinationals.
• E) offensives aimed at the global challengers' strengths,promoting anti-dumping legislation,and/or launching some type of guerilla warfare strategy.

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Definitions:

Marginal Utilities

The additional satisfaction or utility gained from consuming one more unit of a good or service.

Consumption Bundle

A combination of various goods and services that an individual consumes over a given period.

Preferences

The subjective tastes and priorities of consumers, influencing their choices among different goods, services, or outcomes.

Income

The total sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received over a certain period of time.