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Write a Brief Note on Global Strategies and Multidomestic Strategies

question 52

Essay

Write a brief note on global strategies and multidomestic strategies. Also mention one advantage and one disadvantage of each.


Definitions:

Market-Product Combination

The pairing of a specific market segment with a particular product or service, tailored to meet the segment's needs.

Infomercials

Program-length (30-minute) advertisements that take an educational approach to communication with potential customers.

Market Segmentation

The process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups based on some type of shared characteristics.

Multiple Products

The strategy of offering a variety of different products within a company's portfolio to cater to different market segments or consumer needs.

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