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Asked by Shaniek Wiltshier on Jun 20, 2024

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Transnational companies rely on a blend of global and local strategies, as circumstances dictate.

Transnational Companies

Corporations that operate and have assets in more than one country, often managing production and delivering services in various international locations.

Global Strategies

Plans developed by organizations to operate and compete on a worldwide scale, taking advantage of global opportunities and managing global challenges.

Circumstances

The specific conditions or facts affecting a situation or event at a particular time.

  • Differentiate between the concepts of multinational, transnational, and global companies.
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JV
Janetta VarekianJun 22, 2024
Final Answer :
True
Explanation :
Transnational companies operate in different countries and markets, so they need both global and local strategies to be successful. They need to have a consistent global brand and overarching business goals, but also adapt to local cultures, regulations, and consumer preferences. The balance between global and local strategies can vary based on factors such as the industry, market conditions, and company objectives.

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