Which of the following statements is true of an international strategy?
A) It enables firms to leverage their home-based core competencies in foreign markets.
B) It is advantageous when firms face high pressures for both local responsiveness and cost reductions.
C) It relies on joint ventures to reap economies of scale by accessing a larger market.
D) It effectively protects a firm from exchange rate fluctuations.

Question

Quizplus · Accepted Answer

An international strategy is essentially a strategy in which a firm sells the same products or services in both domestic and foreign markets. It enables firms to leverage their home-based core competencies in foreign markets.

Which of the Following Statements Is True of an International