Which of the Following Is True of the International Strategies

question 68

Multiple Choice

Which of the following is true of the international strategies used by multinationals?

• A) A firm using a multidomestic strategy sacrifices responsiveness.
• B) A firm using a global strategy sacrifices efficiency.
• C) A global strategy places high emphasis on being responsive to local requirements within each of its markets.
• D) A multidomestic strategy tries to balance the desire for efficiency with the need to adjust to local preferences within various countries.
• E) A global strategy stresses the need to gain economies of scale by offering essentially the same products or services in each market.

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Definitions:

Political Parties

Organizations that aim to gain and maintain political power by nominating candidates, running campaigns, and outlining policies to appeal to the electorate.

War Of 1812

Conflict fought between the United States and Great Britain from 1812 to 1815, largely over issues of trade restrictions and impressment of American sailors by the British Navy.

War Of 1812

A military conflict between the United States and Great Britain from 1812 to 1815, primarily over British restrictions on U.S. trade and America's desire to expand its territory.

Treaty

A formal agreement between two or more sovereign states, usually regarding peace, alliances, trade, or other international relations.