Question

Because there are country-to-country differences in buyer tastes, income levels, distribution channels, competitive conditions, and other market-related factors that impact a company's strategy choices • a company must wisely and carefully tailor its strategy in each country to the market and competitive circumstances prevailing in each country where it elects to compete trying to pursue much the same competitive approach in each country is a big mistake. it is virtually impossible for a company to create a sizable profit sanctuary in every country where it competes it is nearly always necessary for a company to offer buyers in each country market a wide selection of models, styles, and product versions one of the managerial challenges at companies with international or global operations is how best to tailor a company's strategy to take all these cross-country differences into account it is hard for a company to compete successfully and profitably in more than 15 different country markets

Answer 1

Answer: 1^st option

Strategy of a country must be formulated in a way so that it suits the environment and competitiveness of a particular country and its market; suppose people of a country, XYZ, are not so fond of watching television; hence, giving an advertisement in television for product selling may not be effective there; it could have been effective if such advertisement is in newspaper.      

Applying the same strategy country to country could be a mistake; suppose the country (ABC) has an increasing number of television watchers – giving a TV ad would be effective there.

Other options are not correct.

2^nd option: there could be a sizable profit.

3^rd option: variety of products or styles depends on the market.

4^th option: all differences may not be accounted for at a time.

5^th option: a company may have operation in more than 15 countries and still can enjoy huge profits.