Caterpillar and Texas Instruments are two firms that have benefited from the use of
A) the multidomestic strategy option.
B) the transdomestic corporation strategy.
C) the transnational strategy option.
D) the maquiladora system in Europe.
E) the global strategy option.

Question

Quizplus · Accepted Answer

Caterpillar and Texas Instruments have both adopted the global strategy option, which involves standardizing products and services across multiple markets in order to achieve economies of scale and maximize efficiency. This has allowed them to achieve global success and reap the benefits of a larger customer base and increased profitability.

Caterpillar and Texas Instruments Are Two Firms That Have Benefited