A "think local,act local" multidomestic type of strategy:
A) is very risky,given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
B) is usually defeated by a "think global,act global" type of strategy.
C) becomes more appealing the bigger the country-to-country differences in buyer tastes,cultural traditions,and market conditions.
D) is generally an inferior strategy when one or more foreign competitors are pursuing a global low-cost strategy.
E) can defeat a global strategy if the "think local,act local" multicountry strategist concentrates its efforts exclusively in those foreign markets which have superior resources.

Question

Quizplus · Accepted Answer

A "think local, act local" multidomestic strategy is more advantageous when there are significant differences between markets in terms of buyer tastes, cultural traditions, and market conditions. This allows companies to tailor their products and marketing strategies to better suit the needs and preferences of local consumers. However, this can also make it more challenging to achieve economies of scale and keep costs under control.

A "Think Local,act Local" Multidomestic Type of Strategy