A Think Global,act Global Approach to Strategy Making Is Preferable

question 19

Multiple Choice

A think global,act global approach to strategy making is preferable to a think local,act local approach when

• A)a big majority of the company's rivals are pursuing localized multidomestic strategies.
• B)country-by-country differences are small enough to be accommodated within the framework of a mostly uniform global strategy.
• C)plants need to be scattered across many countries to avoid high shipping costs.
• D)market growth rates vary considerably from country to country.
• E)host governments enact regulations requiring that products sold locally meet strict manufacturing specifications or performance standards.

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Definitions:

Modern-Day Country

A sovereign state in the present time, recognized in international law, having a defined territory, government, and population.

Taj Mahal

An iconic ivory-white marble mausoleum in Agra, India, built by Mughal Emperor Shah Jahan to house the tomb of his wife, Mumtaz Mahal, a masterpiece of Islamic architecture.

Intended Function

The purpose or use that an object, structure, or system is designed or expected to fulfill.

Walking Buddha

A depicition style of Buddha in Thai art where the Buddha is shown in motion, symbolizing grace and internal spiritual movement and enlightenment.