The multidomestic view is a metaphor for viewing the world's markets as:
A)a capitalistic tool catering to the needs of the rich and the powerful.
B)an entity ridden with barriers and therefore unreceptive to globalization.
C)a homogeneous entity where cultural differences do not affect the outcome of business.
D)being more different than similar, such that the playing field differs in respective markets.
E)a level playing field in terms of commerce, where all competitors have an equal opportunity.

Question

Quizplus · Accepted Answer

The multidomestic view suggests that markets across the world are more different than similar, emphasizing the importance of tailoring strategies to fit the unique characteristics of each local market. This view recognizes the significant differences in consumer preferences, legal and political systems, and economic conditions across countries.

The Multidomestic View Is a Metaphor for Viewing the World's