The core challenge of global strategy is simultaneously achieving cost efficiencies and responding to the demands of local markets. That is, to be truly successful as a global company, firms must blend elements of global and multidomestic strategies. Effectively, all global firms should always pursue some form of a transnational strategy. The core challenge of global strategy is simultaneously achieving cost efficiencies and responding to the demands of local markets. That is, to be truly successful as a global company, firms must blend elements of global and multidomestic strategies. Effectively, all global firms should always pursue some form of a transnational strategy. True False