Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The transnational approach of a firm using a think - global, act - local version of a global strategy entails a . selling numerous product
The transnational approach of a firm using a "thinkglobal, actlocal" version of a global strategy entails
a selling numerous product versions each customized to buyer tastes in one or more countries and sometimes branded for each country but opting to only sell direct to buyers at the company's website so as to bypass the costs of establishing networks of wholesaleretail dealers in each country market.
b producing and marketing a variety of product versions under the same brand name, with each different version being designed specifically to accommodate the needs and preferences of buyers in a particular country.
c little or no strategy coordination across countries.
d selling the company's products under a wide variety of brand names often one brand for each country or group of neighboring countries so that buyers in each country market will think they are buying a locally made brand.
e pursuing the same basic competitive strategy theme lowcost differentiation, bestcost focused in all countries where the firm does business but giving local managers some latitude to adjust product attributes to better satisfy local buyers and to adjust production, distribution, and marketing to be responsive to local market conditions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started