Darvin Foods is an MNE that is in the process of revising its international business strategy.Most of the firm's top executives believe that Darvin should implement a multidomestic strategy.Which of the following conditions would most likely support this type of strategy?

Question

Quizplus · Accepted Answer

A multidomestic strategy emphasizes the need for local responsiveness, meaning that the company would tailor its products and services to the specific needs of each local market. This strategy is typically associated with higher costs due to the need for customization and a focus on local differentiation rather than global integration. Therefore, a high need for local responsiveness and a low need to reduce costs via global integration would best support the implementation of a multidomestic strategy.

Darvin Foods Is an MNE That Is in the Process