BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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firm has a strong familiarity to local customers
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firm has limited international experience
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home market get tough
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pressure for global competition is low
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Detailed explanation-1: -Expert-Verified Answer There are other reasons that strategy matters in business, but tying financial models to business strategies does not help to generate more insightful analyses. Option B is correct.
Detailed explanation-2: -Multinational corporations choose from among four basic international strategies: (1) international (2) multi-domestic, (3) global, and (4) transnational. These strategies vary depending on two pressures; 1) on emphasizing low cost and efficiency and 2) responding to the local culture and needs.
Detailed explanation-3: -The most common goal of companies going international is to acquire more customers, boost their sales, and increase their revenues. By entering a new country, your company gets access to customers that were not on your radar yet.