Question: Answer the following questions by just writing down the correct answer with few words An outsourcing strategy applied usually when activitys total value-added to firms

Answer the following questions by just writing down the correct answer with few words

  1. An outsourcing strategy applied usually when activitys total value-added to firms products is low but its potential for competitive advantage is high is called which strategy?
  2. An international entry strategy in which a firm builds its own manufacturing plant and distribution system in a foreign country is called which strategy?
  3. An internationalization strategy in which a firm caters local customer needs, respond to local competition, adjust its products to local needs is called which strategy?
  4. A timing tactic in which a firm imitates the successful new products of other companies is called which tactic?
  5. Which tactic did Texas Instruments use when they avoided direct competition with Intel by developing cell phones, medical devices rather than computers?
  6. When Yamaha entered the market with a broader range of pianos, keyboards, and other musical instruments against Steinway pianos, it was using which offensive tactic?
  7. Which defensive tactic did P&G use when they test marketed their liquid bleach product to scare Clorox into retreating from their detergent market?

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