When Is a Think-Local, Act-Local Approach to Strategy Making Appropriate

question 87

Multiple Choice

When is a think-local, act-local approach to strategy making appropriate?

• A) when the need for local responsiveness is minimal and when potential efficiency gains from standardization is unrestricted by cross-country opportunities
• B) when the local manager is intellectually savvy
• C) when the local market provides strong opportunity for growth and profitability
• D) when the need for local responsiveness is high due to significant cross-country differences in demographic, cultural, and market conditions and where benefits from standardization is limited
• E) when the need for centralized decision making is relevant due to various macroeconomic and market conditions

Interpret inventory turnover to assess inventory management efficiency.

Calculate return on equity to evaluate financial performance.

Understand the significance of net profit margin and gross margin percentages in assessing profitability.

Understand the characteristics and applications of different satellite orbits (GEO, LEO, MEO, VEO).

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Definitions:

Differentiated Targeting

A marketing strategy that involves targeting two or more distinct market segments with specific products or marketing mixes tailored to each.

Business Diversify

The strategy of increasing the variety of products or markets a company is involved in to reduce risk and increase growth potential.

Lower Risk

A situation or decision that involves reduced exposure to potential loss, damage, or negative outcomes.

Value Proposition

A declaration that encapsulates the reasons a consumer would purchase a product or utilize a service, emphasizing its distinctive benefits compared to rival offerings.