Asked by Gabrielle Gwizdala on Jun 13, 2024
Verified
A _____ strategy can be best defined as a plan,used by international companies,that involves customizing products,promotion,and distribution according to cultural,technological,regional,and national differences.
A) global
B) standardization
C) normalization
D) multinational
E) domestic
Cultural Differences
Variations in the norms, values, beliefs, and practices among people from different societies or backgrounds, influencing behavior and interactions.
- Appreciate the changes companies effectuate in their planning to serve different worldwide markets.
- Comprehend how cultural, technological, and regional differences influence international business strategies.
Verified Answer
AS
Anshika SrivastavaJun 16, 2024
Final Answer :
D
Explanation :
A multinational strategy involves adapting products, promotions, and distribution strategies to fit the specific needs and preferences of each country or region, taking into account cultural, technological, regional, and national differences.
Learning Objectives
- Appreciate the changes companies effectuate in their planning to serve different worldwide markets.
- Comprehend how cultural, technological, and regional differences influence international business strategies.
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