A global strategy
A) involves the development of global markets, market by market.
B) involves the integration of activities worldwide.
C) is not able to capitalize on firm-specific advantages as easily as does the multidomestic strategy.
D) generally results in each subsidiary establishing its own accounting system but sending the information back to the home office for global consolidation.

Question

Quizplus · Accepted Answer

A global strategy involves integrating activities worldwide to achieve a unified approach to serving global markets. This approach requires coordination and collaboration across all locations, which can lead to greater efficiency and cost savings. This strategy enables firms to capitalize on their firm-specific advantages by leveraging their resources and capabilities across the global market. Firms with a global strategy tend to use a standardized accounting system to facilitate consolidation of financial information.

A Global Strategy