A "Think-Local,act Local" Multidomestic Strategy Entails

question 43

Multiple Choice

A "think-local,act local" multidomestic strategy entails

• A) a narrow product line aimed at serving buyers in the same segments of country markets worldwide.
• B) giving local managers considerable strategy-making latitude and often producing different product versions for different countries.
• C) aggressive efforts to locate facilities in those country markets which have superior resources.
• D) pursuing strong product differentiation and competing in many buyer segments.
• E) extensive efforts to transfer a company's competencies and resource strengths from one country to another so as to keep entry costs into new country markets low.

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Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a comprehensive psychological questionnaire designed to assess a variety of psychological conditions.

Assessment Instruments

Tools or methods used to evaluate, measure, or gauge the abilities, skills, or performance of individuals or groups.

Socioeconomic Groups

Categories of people sharing similar levels of wealth, income, education, and occupational status.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a number of different things.