A multidomestic corporation is essentially a domestic firm that builds on its existing capabilities to penetrate overseas markets.

Question

Quizplus · Accepted Answer

A multidomestic corporation is a multinational corporation that adapts its products and services to local markets, rather than promoting a standardized global offering. Therefore, it is not just a domestic firm trying to enter overseas markets, but a corporation with operations in multiple countries.

A Multidomestic Corporation Is Essentially a Domestic Firm That Builds