Multidomestic competition is best characterized as a situation where:
A) the competitive arena among rival companies involves several neighboring countries rather than either a single country or the world market as a whole.
B) competition is mainly among the domestic companies of a few neighboring countries (five countries at most) .
C) there are extensive trade restrictions,sharply fluctuating exchange rates,and high tariff barriers in many country markets that work against the formation of a true world market.
D) competition among domestic companies predominates and foreign competitors are a minor factor.
E) there is no international or global market,just a collection of mostly self-contained country markets.
Correct Answer:
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