Question

Any and all of five approaches to competitive advantage can be pursued simultaneously when a firm's multinational diversification strategy is keyed to:

Answer 1

When a firm's multinational diversification strategy is keyed to competitive advantage, it can pursue any and all of the five approaches simultaneously, such as cost leadership, differentiation, focus, innovation, and strategic alliances.

Step-by-step explanation:

When a firm's multinational diversification strategy is keyed to competitive advantage, it can pursue any and all of the five approaches simultaneously. These approaches include cost leadership, differentiation, focus, innovation, and strategic alliances. For example, a company may aim to achieve cost leadership by producing goods at a lower cost than its competitors, while also differentiating its products to appeal to specific market segments. By pursuing multiple approaches, a firm can increase its competitiveness and market position.