Firms implementing the multi-domestic strategy often attempt to isolate themselves from global competitive forces by establishing the low-cost position in the industry.

Question

Quizplus · Accepted Answer

The multi-domestic strategy focuses on local responsiveness rather than achieving a low-cost position in the industry. Therefore, firms implementing this strategy prioritize customization and adaptation to local markets rather than isolating themselves from global competition.

Firms Implementing the Multi-Domestic Strategy Often Attempt to Isolate Themselves