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