Which of the following does NOT accurately characterize the differences between a localized multidomestic strategy and a global strategy?
A) A global strategy entails extensive strategy coordination across countries and a multidomestic strategy entails little or no strategy coordination across countries.
B) A global strategy often entails use of the best suppliers from anywhere in the world, whereas a multidomestic strategy may entail fairly extensive use of local suppliers (especially where use of local sources is required by host governments) .
C) A global strategy tends to involve use of similar distribution and marketing approaches worldwide, whereas a multidomestic strategy often entails adapting distribution and marketing to local customs and the culture of each country.
D) A global strategy involves striving to be the global low-cost provider by economically producing and marketing a mostly standardized product worldwide, whereas a multidomestic strategy entails pursuing broad differentiation and striving to strongly differentiate its products in one country from the products it sells in other countries.
E) A global strategy relies upon the same technologies, competencies, and capabilities worldwide, whereas a multidomestic strategy often entails the use of somewhat different technologies, competencies, and capabilities as may be needed to accommodate local buyer tastes, cultural traditions, and market conditions.
Correct Answer:
Verified
Q63: During the 1980s, the YKK Group developed
Q64: What is the best way to achieve
Q65: When is a think-local, act-local approach to
Q66: In which of the following situations is
Q67: A "think-local, act-local" multidomestic type of strategy
A)is
Q68: The strength of a "think-local, act-local" multidomestic
Q69: Which of the following is the most
Q72: The approach of a firm using a
Q73: A think-global, act-global strategic theme puts emphasis
Q77: A global strategy allows for
A)the leading companies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents