A firm using a _____ strategy sacrifices efficiency in favor of placing heavy emphasis on being responsive to local requirements within each of its markets.

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The multidomestic strategy involves customizing products, marketing, and business practices according to local requirements in each market. This often results in sacrificing efficiency in favor of responsiveness to local needs. The global strategy emphasizes standardization and efficiency across markets, while the transnational strategy aims to achieve a balance between efficiency and responsiveness. The term "responsiveness" is a general term that does not describe a specific strategy. The term "balanced" is also not a recognized strategy in international business.

A Firm Using a _____ Strategy Sacrifices Efficiency in Favor