A think local,act local multidomestic type of strategy
A)is very risky,given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
B)is usually defeated by a think global,act global type of strategy.
C)is more appealing the bigger the country-to-country differences in buyer tastes,cultural traditions,and marketing methods.
D)is generally an inferior strategy when one or more foreign competitors is pursuing a global low-cost strategy.
E)can defeat a global strategy if the think local,act local multidomestic strategist concentrates its efforts exclusively in those foreign markets where it has profit sanctuaries.

Question

Quizplus · Accepted Answer

A think local, act local multidomestic strategy becomes more appealing when there are significant differences in buyer tastes, cultural traditions, and marketing methods across countries. This approach allows a company to tailor its products and marketing strategies to fit the specific preferences and needs of each local market, potentially leading to greater success in those markets.

A Think Local,act Local Multidomestic Type of Strategy