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.