Question $2$

$2$ pts

A 'think$-$local, act local multi$-$country strategy entails:

A namow product line aimed at serving burers in the same segments of cauntry markets worldwide

vervigns for differemt countries

Aarnestive efforts to buld a strones profht sanctuary in Every country market where a compiny apts to campete

Persuing thane prodact differentiation and competon in manr buyer segments

Businesses competing in stagnant or declining industries must:

Make a fundamental strategic choice $-$ whether to remain committed to the industry for the longterm despite the industry's dim prospects or whether to pursue an end$-$game strategy to withdraw gradually or quickly from the market

Pursue vertical integration and gain greater operating control over more stages of the industry's value chain

Initiate deep price cuts to rejuvenate long$-$term demand and expand into the markets of foreign countries, especially emerging country markets

Outsource as many value chain activities as possible. particularly as concerns production$-$related activities