A key approach for a company to grow sales and profits in several country markets is to
A) transfer its valuable competencies and resource strengths among these markets to aid in the development of broader competencies and capabilities.
B) employ a multidomestic strategy rather than a global strategy.
C) locate technical after-sale services close to buyers.
D) minimize transportation costs among these markets.
E) take advantage of less restrictive restrictions and requirements of host governments.

Question

Quizplus · Accepted Answer

Transferring competencies and resource strengths helps the company develop broader competencies and capabilities, which can increase sales and profits in multiple country markets. This approach enables the company to leverage its strengths across different markets, rather than starting from scratch in each market. This can lead to economies of scale and scope, which can help the company reduce costs and increase profitability.

A Key Approach for a Company to Grow Sales and Profits