Firms That Pursue a Localization Strategy Try to Create Value

question 74

Multiple Choice

Firms that pursue a localization strategy try to create value by:

• A) emphasizing local responsiveness.
• B) encouraging a global staffing approach.
• C) emphasizing transnational strategies.
• D) building an informal management network.
• E) transferring products and competencies overseas.

---

Definitions:

Principal

A person or entity who authorizes another (the agent) to act on their behalf, often in a legal or business context.

Liable

Being legally responsible for something, typically a debt or a legal obligation.

Constructive Notice

Notice of agency termination that is usually given by publishing an announcement in a newspaper.

Agency Relationship

An agency relationship exists when one party, the agent, is authorized to act on behalf of another, the principal, in business transactions with third parties.