-Global Companies Have Five Strategies for Matching Products and Their

question 107

Multiple Choice

-Global companies have five strategies for matching products and their promotion efforts to global markets. According to Figure 6-4 above, E refers to which type of strategy?

• A)product extension strategy
• B)product adaptation strategy
• C)dual adaptation strategy
• D)product invention strategy
• E)communication adaptation strategy

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Definitions:

Obligation

A legal or moral duty or responsibility one party has towards another.

Secured Party

A creditor or lender that holds a security interest in collateral to secure a debt.

Secured Property

Refers to assets that are pledged as collateral for a loan, providing the lender with security that the loan will be repaid.

Perfect

In legal and financial contexts, this term often refers to the act of making a security interest or claim valid and enforceable against third parties.