A Think Local,act Local Multidomestic Type of Strategy

question 46

Multiple Choice

A think local,act local multidomestic type of strategy

• A)is very risky,given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
• B)is usually defeated by a think global,act global type of strategy.
• C)is more appealing the bigger the country-to-country differences in buyer tastes,cultural traditions,and marketing methods.
• D)is generally an inferior strategy when one or more foreign competitors is pursuing a global low-cost strategy.
• E)can defeat a global strategy if the think local,act local multidomestic strategist concentrates its efforts exclusively in those foreign markets where it has profit sanctuaries.

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Definitions:

Exploring Surroundings

The act of examining or investigating the area around oneself, often to become familiar with it or to seek out information.

Foster Language

Practices or approaches aimed at nurturing and encouraging language development in children.

Cognitive Development

The process of growth and change in intellectual capabilities, influencing how an individual understands and interacts with the world.

Intravenous Fluids

Liquids given to a patient through a vein to provide necessary electrolytes, medicines, or nutrients when oral intake is not possible.