The strength of a "think local,act local" multidomestic strategy is that
A) it matches a company's competitive approach to prevailing market and competitive conditions in each country market.
B) each of a company's country strategies is almost totally different from and unrelated to its strategies in other countries.
C) the plants located in different countries can be operated independent of one another,thus promoting greater achievement of scale economies.
D) it avoids host-country ownership requirements and import quotas.
E) it eliminates the costs and burdens of trying to coordinate the strategic moves undertaken in one country with the moves undertaken in the other countries.
Correct Answer:
Verified
Q16: Which of the following is not one
Q17: Competing in the markets of foreign countries
Q18: Which of the following is not an
Q19: Competing in the markets of foreign countries
Q22: Two drawbacks of a "think local,act local"
Q26: Using domestic plants as a production base
Q26: Acquisition of an existing firm rather than
Q28: A think local,act local multidomestic type of
Q51: The transnational approach of a firm using
Q69: When a company operates in the markets
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