A firm that realizes the need to involve the local market in making strategic decisions and the importance of local understanding is operating at which stage of international development?

Question

Quizplus · Accepted Answer

A firm operating at the multinational stage of international development recognizes the importance of local markets in strategic decision-making and understands the need for local insights. This stage involves adapting products and strategies to fit the specific needs of each market, rather than applying a one-size-fits-all approach.

A Firm That Realizes the Need to Involve the Local