Even Though Other Combination Alternatives Can Be Devised, Companies Generally

question 60

Multiple Choice

Even though other combination alternatives can be devised, companies generally can pursue three global product strategies to penetrate foreign markets. These strategies
Are to extend the home-grown product/communication strategies, adapt their strategy
To the local marketplace, and:

• A) invent new products for foreign customers.
• B) concentrate on services.
• C) apply for permission to copy domestic products.
• D) concentrate on image adjustment.
• E) focus on secondary issues (such as warranties).

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Definitions:

Self-Management Skills

Abilities that allow an individual to effectively handle personal affairs, health, emotions, and tasks without immediate direct supervision.

Promote Health

Activities or practices aimed at enhancing well-being and preventing diseases.

Maslow's Theory

A psychological theory proposing a hierarchy of human needs, from basic physiological needs to self-actualization, influencing motivation and behavior.

Lower-Level Needs

Fundamental physiological and safety needs in Maslow's hierarchy, such as food, water, and security, that must be satisfied before higher-level needs.