A global strategy and a multidomestic strategy are the same.

Question

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A global strategy seeks to offer standardized products and services across different countries with the aim of achieving economies of scale and cost savings through a centralized approach. On the other hand, a multidomestic strategy offers customized products and services to meet the specific needs of each local market, allowing for greater responsiveness to local preferences and market conditions. These are different strategies with distinct objectives and approaches.

A Global Strategy and a Multidomestic Strategy Are the Same