Which of the Following Is Not a Typical Option That

question 103

Multiple Choice

Which of the following is not a typical option that companies have to consider to tailor their strategy to fit the circumstances of emerging country markets?

• A) Prepare to compete on the basis of low price
• B) Be prepared to modify aspects of the company's business model to accommodate local circumstances (but not so much that the company loses the advantage of global scale and global branding)
• C) Try to change the local market to better match the way the company does business elsewhere
• D) Develop a strategy for the short-term and forget about a long-term strategy because conditions in emerging country markets change so rapidly
• E) Stay away from those emerging markets where it is impractical or uneconomic to modify the company's business model to accommodate local circumstances

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Definitions:

NICs

Newly Industrialized Countries, nations that are transitioning from primarily agricultural to more industrial and manufacturing-based economies.

GDP

Gross Domestic Product, a measure of the total economic output of a country, calculated by the total value of all goods and services produced over a specific time period.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.

Health Care Costs

The expenses associated with medical treatment, including the costs of hospitalization, medications, preventive care, and medical devices.