Multidomestic Strategy Involves All of the Following Except

question 29

Essay

Multidomestic strategy involves all of the following except:
a. Focuses on a number of foreign countries/regions.
b. Each foreign country is regarded as a stand-alone "domestic" market.
c. Is effective when there are clear differences among national and regional markets.
d. A multidomestic strategy has high costs.
e. Global standardization strategy is the same as a multidomestic strategy.

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Definitions:

Social Movements

Organized collective efforts aimed at promoting or resisting change in society.

Lynch Mobs

Groups of people who take the law into their own hands to execute summary justice, often without a fair trial.

Riots

Violent disturbances of the peace by a crowd or public assembly.

Economic Sociology

A subfield of sociology that focuses on the social cause and effect of various economic phenomena.