Asked by Magen Phillips on May 30, 2024

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In the context of choosing an international strategy, which of the following is a difference between a multidomestic strategy and a meganational strategy?

A) Unlike a multidomestic strategy, a meganational strategy helps a company pursue a cost-leadership strategy at the local level.
B) Unlike a meganational strategy, a multidomestic strategy emphasizes local responsiveness over global integration.
C) Unlike a meganational strategy, a multidomestic strategy promotes knowledge flow throughout an organization, regardless of where the ideas originate.
D) Unlike a multidomestic strategy, a meganational strategy simultaneously offers the benefits of both global and local advantages.

Multidomestic Strategy

A corporate strategy that involves a firm offering products or services that are tailored to suit the tastes and preferences of different local markets.

Local Level

Pertaining to a small, specific area, often a community or locality, focusing on localized issues, governance, or initiatives.

  • Understand the significance of tailoring strategies to accommodate local market needs in the sphere of global commerce.
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Verified Answer

BD
Bradley DeVeauxMay 31, 2024
Final Answer :
B
Explanation :
A multidomestic strategy focuses on adapting products and strategies to fit the specific needs of each country, emphasizing local responsiveness. In contrast, a meganational strategy (often referred to as a global strategy) seeks to standardize products and operations to achieve efficiency across all markets, prioritizing global integration over local responsiveness.