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

Multiple Choice

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

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.

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

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

a "think$-$global, act$-$global" approach involves selling