Match the left with the right.

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Here is the list on the right.

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$-$ A business strategy that combines elements of both global and local strategies. Companies following this strategy respond to local needs while trying to maintain global$-$scale efficiencies.

$-$ The comprehensive plan that guides a company to operate in its competitive environment. It represents the sum of the actions a company plans to take to achieve long$-$term goals.

$-$ Franchising

$-$ The process of a company increasing production of goods or services at the same part of the supply chain.

$-$ An approach where a company aims to sell the same types of products and services in multiple countries.

$-$ An approach where a firm attempts to offer standardized products across the entire globe to harvest location economies and experience effects.

$-$ Concentration Strategy

$-$ An approach where a firm seeks to create value by transferring core competencies overseas and pays attention to the needs and wants of local markets.

$-$ The act of buying goods and services produced in a foreign country.

$-$ Strategic Alliance

$-$ A partnership in which two or more companies have joined to undertake a mutually beneficial project while remaining independent organizations.

$-$ A strategy that involves a company deciding to enter foreign markets by developing its own operations in a foreign country from the ground up$.$

$-$ Acquisition

$-$ An arrangement in which a foreign firm buys a company in the host country and controls the new business.

$-$ The process of a company increasing production of goods or services at a different part of the supply chain.

$-$ A strategy where a firm enters into a contractual agreement with another firm to use its proprietary knowledge such as trademarks, patents, copyrights, or expertise under specified conditions.

$-$ The act of selling domestically produced goods in a foreign market.

$-$ Merger

$-$ An approach to managing a company's business units, treating them as a collection of investments.

$-$ A corporate$-$level strategy that involves expanding a company's business operations into a new industry in order to produce new kinds of valuable goods or services.