What Is the Major Advantage of a Multidomestic Strategy

question 75

Multiple Choice

What is the major advantage of a multidomestic strategy?

• A)the ability to gain market share or charge higher prices for customized product offerings and marketing approaches to local conditions
• B)the significant cost savings associated with not having to customize products and marketing approaches to different national conditions
• C)the high-quality skills of foreign manufacturers and the specialized knowledge of foreign managers about the needs of local customers
• D)the reduced level of risk owing to the managers' full control over all aspects of their foreign subsidiary's operations

---

Definitions:

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

SAS Proficiency

A measure of one's skill and knowledge in using the Statistical Analysis System (SAS) software for data management and analysis.

Chi-square Test

An analytical procedure employed to find out if a considerable link is present between two categorical factors.

Goodness-of-fit Test

Statistical tests that measure how well observed sample data fits a distribution from a population with a specified distribution.