What Is the Major Advantage of a Multidomestic Strategy

question 38

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

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Definitions:

Altruism

The behavior and attitude of selflessly caring for the well-being of others, often at a personal cost.

Windfall Bonus

An unexpected gain or profit, often a large sum of money received unexpectedly.

Bystander Effect

The social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.

Emergency

An emergency is a sudden, unexpected situation requiring immediate action due to potential threat, harm, or danger to life, property, or the environment.