Panasonic Entered the Market in China and Found That It

question 35

Multiple Choice

Panasonic entered the market in China and found that it needed to balance global integration with local adaptation.It set up a Lifestyle Research Center in China to interpret data on customer wants and needs.This is an example of a company using ________ strategy.

• A) an international
• B) a multidomestic
• C) a single country
• D) a transnational

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Definitions:

Government

The system or group of people governing an organized community, often a state, and the mechanism by which society organizes and manages itself.

Local Governments

Administrative bodies that govern areas within a larger state or nation, such as cities, towns, or counties, and manage local affairs and services.

Complementary Relationship

A mutual relationship where two or more entities or factors enhance or add value to each other's qualities or outcomes.

Government Support

Financial or policy assistance provided by governmental bodies to individuals, organizations, or industries.