The Basic Strategy Options for Local Companies in Competing Against

question 66

Multiple Choice

The basic strategy options for local companies in competing against global challengers include

• A) best-cost provider, focused low cost, and low-cost leadership strategies.
• B) export strategies, licensing strategies, and cross-border transfer strategies.
• C) utilizing keen understanding of local customer needs and preferences to create customized products or services, developing business models to exploit shortcoming in local infrastructure, and using acquisitions and rapid growth to defend against expansion-minded multinationals.
• D) franchising strategies, multidomestic strategies keyed to product superiority, global low-cost leadership strategies, and cross-border coordination strategies.
• E) focused differentiation and broad differentiation strategies.

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Definitions:

High Hitch

A potentially dangerous tractor-to-trailer coupling condition in which the fifth wheel locking mechanism engages but the trailer kingpin sits on top of the jaws.

Aggressive Coupling

A connection strategy between two components designed to engage firmly and rapidly, often leading to higher wear and tear.

Pintle Hooks

A type of tow hitch that uses a pin and hook mechanism to connect trailers to towing vehicles, often used for heavy or industrial towing.

Hydraulic Buffers

Devices that use hydraulics to absorb energy from impacts or collisions, often used in industrial applications to reduce shock and vibrations.