Asked by Yussef Farag on May 19, 2024
Verified
A multidomestic strategy promotes a price-sensitive perspective with limited emphasis?on cultural differences.
Multidomestic Strategy
A market strategy where a company tailors its products or services to each local market, emphasizing responsiveness to local preferences and needs.
- Comprehend the tactics businesses employ, like global, multidomestic, and multinational strategies, for entry and operations within international markets.
Verified Answer
FA
Fatin AsyiqinMay 22, 2024
Final Answer :
False
Explanation :
A multidomestic strategy prioritizes adapting products and services to meet the unique needs and preferences of different cultures and markets. This approach places a strong emphasis on cultural differences and may not always prioritize price sensitivity.
Learning Objectives
- Comprehend the tactics businesses employ, like global, multidomestic, and multinational strategies, for entry and operations within international markets.
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