A multidomestic strategy makes the most sense for companies that see high pressures for local responsiveness and low pressures for cost reductions.

Question

Quizplus · Accepted Answer

A multidomestic strategy is designed to adapt products and marketing strategies to fit the specific needs and preferences of local markets. This approach is particularly effective when local responsiveness is a top priority, as it allows companies to tailor their products and marketing efforts to better meet the needs of their customers. However, this approach can also be more expensive, as it requires additional resources and efforts to adapt to different markets. Therefore, a multidomestic strategy makes the most sense when there are high pressures for local responsiveness and low pressures for cost reduction.

A Multidomestic Strategy Makes the Most Sense for Companies That