A "Think Local,act Local" Multidomestic Strategy Works Particularly Well When

question 25

Multiple Choice

A "think local,act local" multidomestic strategy works particularly well when:

• A) host governments enact regulations requiring that products sold locally meet strictly defined manufacturing specifications or performance standards.
• B) there are significant country-to-country differences in customer preferences and buying habits.
• C) diverse and complicated trade restrictions of host governments preclude the use of a uniform strategy from country to country.
• D) there are significant country to country differences in distribution channels and marketing methods.
• E) All of these.

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Definitions:

Industry X

A placeholder name used for referring to a specific but unnamed industry or sector in a generic context.

Industry Y

This term does not refer to a specific established term within economic or business contexts so it's considered as NO.

Identical Products

Goods that are exactly the same in every aspect, often seen in perfectly competitive markets where products are indistinguishable between suppliers.

Control Over Price

The ability of a firm or market participant to influence or set the price of goods or services, often seen in markets with limited competition.