Responding to differences in the markets in all the countries in which a company operates is
A)The global-local dilemma.
B)The best strategy for success for a multinational.
C)The local-responsiveness solution.
D)The global solution.

Question

Quizplus · Accepted Answer

The local-responsiveness solution refers to a multinational company adjusting its products, services, and operations to meet the specific needs and preferences of the local markets in which it operates. This approach allows the company to cater to the unique demands and cultural differences of each market, leading to greater success and customer satisfaction. The global-local dilemma refers to the challenge of balancing global integration and local responsiveness, and the global solution may not be effective in addressing the diverse needs and preferences of each market. Thus, the best choice would be the local-responsiveness solution.

Responding to Differences in the Markets in All the Countries