The Best Strategy Options for a Local Company in Competing

question 79

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 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:

Click Type

A type of mechanism, often found in torque wrenches, that produces a clicking sound to signal the user when a pre-set torque value is reached.

Dial Gauge Type

A category of measurement tools that use a dial to indicate small distances or angles, often used for precision engineering.

Yield Point

The stress at which a material begins to deform permanently, marking the end of elastic behavior and the beginning of plastic behavior.

Clamping Pressure

The force applied by a device to hold or secure objects tightly together, preventing movement or separation.