Tokef Inc., a U.S.-based firm, adopts a multidomestic strategy to enter the Japanese market. Which of the following is likely to be true in this case?

Question

Quizplus · Accepted Answer

A multidomestic strategy involves focusing on local responsiveness over global standardization. This means that Tokef Inc. is likely to tailor its products and marketing strategies to the specific needs and preferences of the Japanese market, rather than trying to impose a standardized approach. This approach is often necessary in markets like Japan, which have unique cultural and regulatory requirements that may differ from those in the U.S. Therefore, option A is the most likely choice in this case.

Tokef Inc, a U