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Four Competitive Strategies

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Hi,

List and explain each of the 4 Competitive Strategies, give examples of each strategy. The 4 Competitive Strategies are: Global, Multidomestic, Transnational, General strategy.

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Solution Summary

The solution identifies and gives examples and descriptions of each of the four competitve strategies.

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Global strategy is concerned with standardizing a product and reducing costs in the maximum manner possible through economies of scale. An example of a global strategy would be a firm whose business is architectural steel. The firm is basically in a commodity type business where there are innumerable replacement products. For example, nearly every competitor is capable and willing to make a replacement product if the firm is unable or unwilling to do so. So, the firm must ...

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