A Think Local,act Local Multidomestic Type of Strategy

question 46

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)is more appealing the bigger the country-to-country differences in buyer tastes,cultural traditions,and marketing methods.
• 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 multidomestic strategist concentrates its efforts exclusively in those foreign markets where it has profit sanctuaries.

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Definitions:

Defenses

Legal arguments and strategies used by a defendant to challenge the validity of the plaintiff's claims.

Holder in Due Course

A legal term referring to a person who has received a negotiable instrument in good faith and for value, enjoying certain protections against defects in the instrument and prior claims.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specific future date.

Good Faith

Good faith refers to an honest intention to act without taking an unfair advantage over another party, often used to denote sincerity in negotiations or in fulfilling contractual obligations.