Which of the Following Is Not a Typical Option That

question 103

Multiple Choice

Which of the following is not a typical option that companies have to consider to tailor their strategy to fit the circumstances of emerging country markets?

• A) Prepare to compete on the basis of low price
• B) Be prepared to modify aspects of the company's business model to accommodate local circumstances (but not so much that the company loses the advantage of global scale and global branding)
• C) Try to change the local market to better match the way the company does business elsewhere
• D) Develop a strategy for the short-term and forget about a long-term strategy because conditions in emerging country markets change so rapidly
• E) Stay away from those emerging markets where it is impractical or uneconomic to modify the company's business model to accommodate local circumstances

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Definitions:

Promote-From-Within Policies

Organizational strategies that prioritize the advancement of existing employees to higher positions over hiring external candidates.

Technological Advances

Innovations and progress in technology that improve efficiency, capabilities, and understanding in various fields and industries.

Monetary Terms

Refers to the concepts, units, or expressions related to money, finance, and economic transactions.

Bad Hire

A term used to describe a new employee who does not meet the expectations of the organization, often due to a mismatch in skills or poor fit with the company culture.