A domestic bank that follows a multinational client abroad to preserve that banking relationship

Question

Quizplus · Accepted Answer

The bank is pursuing a wholesale defensive strategy, as it is trying to maintain the client relationship and prevent the multinational client from seeking banking services elsewhere. This is a defensive strategy, as the bank is trying to protect its existing business rather than seeking new opportunities. Option A is incorrect as the analogy of a desperate housewife does not apply here. Option C is incorrect, as a retail defensive strategy would involve the bank defending its retail customers from external threats, rather than following a specific client. Option D is incorrect as there is a correct answer.

A Domestic Bank That Follows a Multinational Client Abroad to Preserve