Fragra Inc.,a company that manufactures and sells premium perfumes,is pursuing an international strategy.SaveMart Inc.,a supermarket chain,follows a multidomestic strategy.Which of the following statements is most likely true of this scenario?

Question

Quizplus · Accepted Answer

Fragra Inc. will sell the same products and services in both domestic and foreign markets, whereas SaveMarket Inc. will customize its product offerings to suit local requirements. An international strategy is essentially a strategy in which a company sells the same products or services in both domestic and foreign markets. Firms pursuing a multidomestic strategy attempt to maximize local responsiveness, hoping that local consumers will perceive them to be domestic companies.