The basic strategy options for local companies in competing against global challengers include A Best-cost provider and focused low-cost provider and low-cost leadership strategies B Export strategies, licensing strategies, and cross-border transfer strategies C Utilizing understanding of local customer needs and preferences to create customized products or services, developing business models to exploit shortcomings in local infrastructure, and using acquisitions and rapid growth to defend against expansion-minded multinationals D Franchising strategies, multi domestic strategies keyed to product superiority, global low-cost leadership strategies, and cross-border coordination strategies E Focused differentiation and broad differentiation strategies