The Strength of a "Think-Local, Act-Local" Multidomestic Strategy Is That

question 9

Multiple Choice

The strength of a "think-local, act-local" multidomestic strategy is that

• A) it matches a company's competitive approach to prevailing market and competitive conditions in each country market, country by country.
• B) it employs strategies that are almost totally different from and also unrelated to its strategies in other countries.
• C) it operates independent plants, located in different countries, thus promoting greater achievement of scale economies.
• D) it avoids host country ownership requirements and import quotas.
• E) it eliminates the costs and burdens of trying to coordinate the strategic moves undertaken in one country with the moves undertaken in the other countries.

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Definitions:

Predictability

Predictability refers to the extent to which future events or behaviors can be accurately forecasted based on current or past data.

Ulceration

The formation of ulcers, which are open sores on the skin or mucous membranes that fail to heal properly.

Emotion-Focused Coping

A stress management strategy where individuals deal with emotional distress by trying to reduce negative emotional responses associated with stress.

Problem-Focused Coping

A strategy for dealing with stress by tackling the problem causing the distress directly.