Firms implementing the multidomestic strategy often attempt to isolate themselves from global competitive forces by establishing protected market positions or by competing in industry segments that are most affected by differences among local countries.

Question

Quizplus · Accepted Answer

Firms using a multidomestic strategy focus on adapting products and services to local markets, often seeking to minimize global competition by catering to specific local needs and preferences.

Firms Implementing the Multidomestic Strategy Often Attempt to Isolate Themselves