One of the biggest strategic challenges to competing in the international arena includes 
a. whether to pursue a franchising strategy or a joint venture strategy. 
b. how to identify foreign firms licensed to produce and distribute the company's products. 
c. whether to offer a standardized product worldwide or a customized product offering in each different country market. 
d. how to charge the same price in all country markets. 
e. how to leverage the opportunities arising from shifting exchange rates.