When Firms Expand into Global Markets,they Are Faced with the Choice

question 94

Multiple Choice

When firms expand into global markets,they are faced with the choice of reducing costs and/or adapting to the local market.When high pressures exist to adapt locally,companies should choose a __________ or __________ in order to compete in the global marketplace.

• A) global strategy; transnational strategy
• B) global strategy: multidomestic strategy
• C) international strategy; global strategy
• D) transnational strategy; multidomestic strategy

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Definitions:

Intuitive Thinker

A person who relies on instinct and gut feelings rather than detailed analysis when making decisions or solving problems.

Intellectual

Pertaining to or involving the use of the mind or intellect for understanding, reasoning, creating, and acquiring knowledge.

Theoretical Positions

Philosophical stances or frameworks that underpin a researcher's or practitioner's understanding and analysis of phenomena in their field of study.

Sensation Thinkers

Individuals who prefer using their senses to process information and focus on details and facts in decision-making, often practical and straightforward.