Asked by Donald Winters on Jun 03, 2024
Verified
A(n) ___ seeks balance among efficiencies in global operations and responsiveness to local markets.
A) globalization strategy
B) domestic strategy
C) multidomestic strategy
D) transnational strategy
E) crosscultural strategy
Transnational Strategy
A business approach that combines global coordination to achieve efficiency with flexibility to meet local needs and conditions.
Global Operations
The activities conducted by an organization to manage its business processes across different countries and cultures.
Local Markets
Geographically specific areas where goods, services, and commodities are bought and sold, taking into account local preferences, cultures, and demand.
- Recognize and distinguish among various international strategies, including multidomestic, transnational, and global approaches.
Verified Answer
Learning Objectives
- Recognize and distinguish among various international strategies, including multidomestic, transnational, and global approaches.
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