A "Think Local,act Local" Multidomestic Type of Strategy

question 38

Multiple Choice

A "think local,act local" multidomestic type of strategy

• A) is very risky, given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
• B) is usually defeated by a "think global, act global" type of strategy.
• C) becomes more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and market conditions.
• D) is generally an inferior strategy when one or more foreign competitors is pursuing a global low-cost strategy.
• E) can defeat a global strategy if the "think local, act local" multicountry strategist concentrates its efforts exclusively in those foreign markets which have superior resources.

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Definitions:

Phylum

A classification in the biological taxonomy that is below kingdom and above class, used to group organisms with a common plan of structure or development.

Phylum

A major classification of living organisms, ranking above class and below kingdom, that groups together organisms with a common basic structure.

Phylum

A rank in the biological taxonomy that is below kingdom and above class, used to group organisms that share basic structural or developmental characteristics.

Phylum

A level of classification in the biological taxonomy that groups together organisms based on a common plan of body structure or organization.