Question

Which of the following is not one of the primary strategy options for competing in the markets of foreign countries?

A) Multi country or localized strategies
B) Forming alliances and partnerships with local companies in every country market where the company opts to compete, so as to facilitate use of an act global, think local strategic approach
C) Global strategies- where a company employs a think global, act global approach to crafting its strategy for competing in all country markets where it has a presence
D) Franchising and licensing strategies
E) Maintaining a national (one -country) production base and exporting goods to foreign markets

Answer 1

B) Forming alliances and partnerships with local companies in every country market where the company opts to compete, so as to facilitate use of an act global, think local strategic approach

Step-by-step explanation:

This is usually not the first or primary strategy that may be employed by a company. For example, a new company that has a lower market reach may not consider going to forming alliances and partnerships with local companies in every country market because of its limited finances.

However, a bigger company like Coca-cola wanting to compete may use this strategy.