When Firms Expand into Global Markets, They Are Faced with the Choice

question 18

Multiple Choice

When firms expand into global markets, they are faced with the choice of reducing costs and/or adapting to the local market. When high pressures exist to adapt locally, companies should choose a(n) __________ or __________ in order to compete in the global marketplace.

• A)global strategy; transnational strategy
• B)global strategy: multidomestic strategy
• C)international strategy; global strategy
• D)transnational strategy; multidomestic strategy

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Definitions:

Hierarchical Structure

An organizational structure where entities are ranked one above the other according to authority or status.

Directories

Organizational units in a file system that contains files and possibly other directories, used to structure and store computer files systematically.

C:\ Drive

The default primary partition and drive letter assignment for the hard drive in many Windows operating systems.

Directory

A hierarchical structure that include files, folders, and drives used to create a more organized and efficient computer.