Managing a firm's value-chain activities on a country-by-country basis to address diverse opportunities and risks is known as ________.

Question

Quizplus · Accepted Answer

Local responsiveness refers to the strategy of managing a firm's value-chain activities on a country-by-country basis to address the specific opportunities and risks within each local market. This approach allows a firm to tailor its products, services, and operations to meet the unique needs and preferences of customers in different geographic locations.

Managing a Firm's Value-Chain Activities on a Country-By-Country Basis to Address