_____ consists of adjusting an approach to meet the differentiated needs of local markets, of local customers, and of local stakeholders as well as those of suppliers and distributors.

Question

Quizplus · Accepted Answer

Local responsiveness refers to the strategy of adjusting products, services, and business practices to better suit the preferences and requirements of local markets and stakeholders. This approach is crucial for multinational companies operating in diverse cultural and regulatory environments.

_____ Consists of Adjusting an Approach to Meet the Differentiated