A "think-local, act-local" multidomestic strategy entails
A)offering a narrow product line aimed at serving buyers in the same segments of country markets worldwide.
B)giving local managers considerable strategy-making latitude and often producing different product versions for different countries.
C)adopting aggressive efforts to locate facilities in those country markets that have superior resources.
D)pursuing strong product differentiation and competing in many buyer segments.
E)extensive efforts to transfer a company's competencies and resource strengths from one country to another so as to keep entry costs into new country markets low.

Question

Quizplus · Accepted Answer

A "think-local, act-local" multidomestic strategy involves giving local managers autonomy in making strategic decisions to tailor products and services to the specific needs and preferences of customers in each country. This often leads to producing different versions of products or offering a more niche product offering rather than a broad range of products. This strategy allows companies to compete more effectively in diverse country markets by understanding and responding to local market conditions and consumer preferences.

A "Think-Local, Act-Local" Multidomestic Strategy Entails