71. What is a primary drawback of a localized multidomestic strategy? A.
It hinders the use of cross-border coordination of a company’s activities and increases a company’s vulnerability to adverse shifts in currency exchange rates
.
What are drawbacks of a multidomestic strategy choose every correct answer?
What are drawbacks of a multidomestic strategy?
It won’t help a company build a single international competitive advantage. It can raise production and distribution costs.
manufacturing costs are lower in a certain area.
What is the primary drawback of a localized multidomestic strategy?
71. What is a primary drawback of a localized multidomestic strategy? A.
It hinders the use of cross-border coordination of a company’s activities and increases a company’s vulnerability to adverse shifts in currency exchange rates
.
Which of the following are considered disadvantages of a multidomestic strategy?
Which of the following is a disadvantage of the multidomestic strategy?
It is inefficient
.
What is the best way of achieving the efficiency potential of a global strategy?
What is the best way to achieve the efficiency potential of a global strategy?
Resources and best practices should be shared
, value chain activities should be integrated, and capabilities should be transferred from one location to another as they are developed.
Is it normal for a company’s strategy to end up being?
Question: It is normal for a company’s strategy to end up being
a combination of defensive moves to protect the company’s market share and offensive initiatives to set the company’s product offering apart from rivals
.
▪ What makes related diversification an attractive strategy is
the
.
opportunity to convert cross-business strategic fits into a competitive
.
advantage over business rivals whose operations do not offer
.
comparable strategic fit benefits
. ▪ The greater the relatedness among a diversified company’s sister.
What is the major advantage of a multidomestic strategy?
The main benefit of a multi-domestic strategy is that
it allows for more targeted advertising that caters directly to the consumers of a particular market
.
What is a multidomestic strategy give an example?
A multidomestic strategy
customizes products or processes to the specific conditions in each country
. … 7-Eleven is an example of a company using a multidomestic strategy. It tailors the product selection, payment methods, and marketing to the values and regulations in each country where it operates.
What is the difference between global strategy and multidomestic strategy?
A global strategy is
effective when differences between customers in countries are small and competition is global
. A multi-domestic strategy involves producing products/services tailored to individual countries. … Four drivers determine which strategy is best for a specific company.
What is localization strategy?
Localization strategy is
how a company adapts its message to a particular language or culture
. … Localization strategy is your plan to make any needed modifications in tone, imagery and subject matter to successfully connect with the local customer.
What is home replication strategy?
The home replication strategy is applied when there is little or no need for flexibility or standardization. This strategy
aims to open up additional international markets without major adaptations for products primarily developed for domestic consumers
.
What is internationalization strategy?
What is an internationalization strategy? By definition, an international strategy is
a strategy through which the firm sells its goods or services outside its domestic market
. … With an internationalization strategy your business could see: Increase in market size and emergence of new markets.
When comparing and contrasting the difference between a localized Multidomestic strategy and a global strategy you would not say that?
Question 60.5 out of 0.5 pointsWhen comparing and contrasting the differences between a localized multidomestic strategy and a global strategy you would notsay that SelectedAnswer:
a global strategy involves striving to be the global low-cost provider by economically producing and marketing a mostly standardized
…
Which of the following are strategy options for entering foreign markets?
There are five basic options available: (1)
exporting
, (2) creating a wholly owned subsidiary, (3) franchising, (4) licensing, and (5) creating a joint venture or strategic alliance (Figure 7.25 “Market entry options”).
Which of the following is an advantage of an export strategy?
To maintain a domestic production base and export goods to foreign markets. … Which of the following is an advantage of an export strategy? Export strategies
minimize risks and capital requirements
.
