The chief difference between a $$think$-$global, act$-$global$$ and a $$think$-$global, act$-$local$$ approach to crafting a global strategy is that

Multiple Choice

a $$think$-$global, act$-$local$$ approach involves considerably less adherence to utilizing the same capabilities, distribution channels, and marketing approaches worldwide.

a $$think$-$global, act$-$local$$ approach involves charging much different prices in the various country markets where the company competes.

local managers are given more latitude in adapting the global strategy approach as may be needed to accommodate local buyer preferences and be responsive to local market and competitive conditions.

a $$think$-$global, act$-$local$$ approach involves much less adherence to using the same basic competitive strategy theme $($low$-$cost$,$ differentiation, best$-$cost$,$ or focused$)$ in all country markets.