A Multidomestic Strategy Uses a Highly Decentralized Approach Meaning That

question 66

True/False

A multidomestic strategy uses a highly decentralized approach meaning that country managers have the autonomy to customize the firm's products as necessary to meet the needs and preferences of local customers.

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Definitions:

Acculturation

The process of adopting the cultural traits or social patterns of another group, especially by a person moving to a new country or community.

Immigrant Families

Families that have relocated from their country of origin to another country, often facing cultural, social, and economic adaptation challenges.

Ethnic Identity

A person's sense of belonging to a specific ethnic group, along with the cultural characteristics and social patterns that denote membership in that group.

Multidimensional Acculturation

The complex process by which individuals and groups adopt the cultural norms and values of another culture, involving various dimensions such as behavior, values, and identity.