Question $8$

$2\mathrm{.}5pts$

When is it appropriate to use a think$-$local, act$-$local approach strategy?

When the need for local responsiveness is high due to significant cross$-$country differences in demographic, cultural, and market conditions and where benefits from standardization is limited

When you don't know what to do due to significant cross$-$country differences in demographic, cultural, and market conditions and where benefits from standardization is limited

When the local manager is intellectually savvy, due to their international travels across numerous countries