Asked by Maryam Almamlouk on Jun 24, 2024
Verified
Caterpillar and Texas Instruments are two firms that have benefited from the use of
A) the multidomestic strategy option.
B) the transdomestic corporation strategy.
C) the transnational strategy option.
D) the maquiladora system in Europe.
E) the global strategy option.
Multidomestic Strategy
A strategy in which operating decisions are decentralized to each country to enhance local responsiveness.
Transnational Strategy
A strategy that combines the benefits of global-scale efficiencies with the benefits of local responsiveness.
- Discriminate among diverse strategies for international operations and their applications.
Verified Answer
FW
Fredrick WallaceJun 26, 2024
Final Answer :
E
Explanation :
Caterpillar and Texas Instruments have both adopted the global strategy option, which involves standardizing products and services across multiple markets in order to achieve economies of scale and maximize efficiency. This has allowed them to achieve global success and reap the benefits of a larger customer base and increased profitability.
Learning Objectives
- Discriminate among diverse strategies for international operations and their applications.
Related questions
Which of the International Operations Strategies Involves High Cost Reductions ...
The ________ Strategy Uses Exports and Licences to Penetrate Globally
Identify Two Innovations in Aerospace Technology Used in Boeing's 787 ...
How Has the Belgian Discount Food Retailer Franz Colruyt Achieved ...
The ________ Strategy Uses Subsidiaries, Franchises, or Joint Ventures with ...