The essential difference between a "think global, act global" and a "think global, act local" approach to strategy-making isthat: a. a "think global, act global" approach entails extensive strategy coordination across countries and a "think global, actlocal" approach entails little or no strategy coordination across countries. b. the former aims at implementing the same business model worldwide, whereas the latter aims at implementingcustomized business models to better match local market circumstances. c. the "think global, act local" approach gives local managers more latitude to make minor strategy variations wherenecessary to better satisfy local buyers and to better match local market conditions. d. a "think global, act global" approach involves selling a mostly standardized product worldwide, whereas a "think global, act local" approach entails selling products that are highly differentiated from country to country. e. a "think global, act global" approach involves selling under a single brand name worldwide, whereas a "think global, actlocal" approach entails utilizing multiple brands (typically one for each different country or group of neighboringcountries).