Which of the following statements is true about multidomestic strategy?

Question

Quizplus · Accepted Answer

Multidomestic strategy tailors products and operations to individual markets to meet the unique needs and preferences of local customers. It allows for flexibility and customization, which can increase a company's competitiveness in each individual market. It does not prioritize standardization, as seen in a global or transnational strategy. Regional managers are often given decision-making authority in this strategy, as they are closest to the local market and understand its needs best. However, this strategy may make it difficult to develop a worldwide competitive advantage, as each market is treated independently rather than as part of a larger global strategy.

Which of the Following Statements Is True About Multidomestic Strategy