A _____ strategy means that competition in each country is handled independently of competition in other countries.
A) globalization
B) focused
C) multidomestic
D) joint venture

Question

Quizplus · Accepted Answer

A multidomestic strategy involves treating each country market as a unique market, with local management making independent decisions regarding pricing, product offerings, and marketing. This approach allows companies to tailor their products and services to the specific needs and preferences of each country, but it can also lead to inefficiencies and higher costs due to the need for customized operations in each market.

A _____ Strategy Means That Competition in Each Country Is