The Transnational Approach of a Firm Using a Think Global,act

question 61

Multiple Choice

The transnational approach of a firm using a think global,act local version of a global strategy entails

• A)producing and marketing a variety of product versions under the same brand name,with each different version being designed specifically to accommodate the needs and preferences of buyers in a particular country.
• B)little or no strategy coordination across countries.
• C)pursuing the same basic competitive strategy theme (low-cost,differentiation,best-cost,focused)in all countries where the firm does business but giving local managers some latitude to adjust product attributes to better satisfy local buyers and to adjust production,distribution,and marketing to be responsive to local market conditions.
• D)selling the company's products under a wide variety of brand names (often one brand for each country or group of neighboring countries)so that buyers in each country market will think they are buying a locally made brand.
• E)selling numerous product versions (each customized to buyer tastes in one or more countries and sometimes branded for each country)but opting to only sell direct to buyers at the company's website so as to bypass the costs of establishing networks of wholesale/retail dealers in each country market.

Determine property taxes based on specified percentages of other costs.

Apply linear regression analysis to estimate rental prices or property values based on variable inputs.

Estimate costs of home improvement projects, including accounting for materials and taxes.

Identify various fees and costs associated with closing on a home purchase.

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Definitions:

Product-Safety Liability

Refers to the legal obligation of manufacturers, distributors, and retailers to produce and sell products that are safe and free from defects that could harm consumers.

Taurine

A sulfur-containing amino acid that is found naturally in the body and is important in the metabolism and function of the heart muscle, retina, and brain.

ProActive

The approach of taking initiative and action in anticipation of future problems, needs, or changes rather than simply reacting to them as they arise.

Lawsuit

A legal case brought to a court by one party against another seeking a judgment or remedy in disputes where legal rights are at issue.