The strength of a think local, act local multidomestic strategy is that

a. the plants located in different countries can be operated independently of one another, thus promoting greater achievement of scale economies.

b. it avoids host-country ownership requirements, and import quotas.

c. it matches a company's competitive approach to prevailing market and competitive conditions in each country market.

d. it eliminates the costs and burdens of trying to coordinate the strategic moves undertaken in one country with the moves undertaken in the other countries.

e. each of a company's country strategies is almost totally different from and unrelated to its strategies in other countries.

Question

Business

Miah Gaines

19 September, 16:01

The strength of a think local, act local multidomestic strategy is that

a. the plants located in different countries can be operated independently of one another, thus promoting greater achievement of scale economies.

b. it avoids host-country ownership requirements, and import quotas.

c. it matches a company's competitive approach to prevailing market and competitive conditions in each country market.

d. it eliminates the costs and burdens of trying to coordinate the strategic moves undertaken in one country with the moves undertaken in the other countries.

e. each of a company's country strategies is almost totally different from and unrelated to its strategies in other countries.

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Answers (1)

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Yuliana Fowler · Answer 1

C. it matches a company's competitive approach to prevailing market and competitive conditions in each country market.

Explanation:

Think local, act local multidomestic strategy enables companies or firm that uses this approach to aim at meeting the requirements of the local markets worldwide by a way of customizing and tailoring their products and services extensively to meet respective country's local market and customer standards.

Think-local, act-local, or multidomestic, strategy is best suited for industries and companies that wants to diversify their product offerings and competitive approaches from one country to another so as to accommodate different buyer preferences and market conditions.

It is the strategy that best matches a company's competitive approach in a prevailing market and it allows for companies and firms that use the approach to be able to be in competitive conditions in each country market that the organization is located.