Evara Cosmetics Inc.is a company that operates in 20 countries around the globe.The company clearly understands that the skin and hair type of customers varies from one country to another.Consequently, its products are customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high.This strategy helps the company behave as a local firm in a foreign market.In this scenario, which of the following strategies does Evara Cosmetics Inc.most likely implement?
A) A multidomestic strategy
B) An international strategy
C) A global-standardization strategy
D) A one-product strategy

Question

Quizplus · Accepted Answer

In this scenario, Evara Cosmetics Inc. most likely implements a multidomestic strategy. Firms pursuing a multidomestic strategy attempt to maximize local responsiveness, hoping that local consumers will perceive them to be domestic companies.