A think local, act local multidomestic type of strategy A. can defeat a global strategy if the think local, act local multidomestic strategist concentrates its efforts exclusively in those foreign markets where it has profit sanctuaries B. is more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and marketing methods C. is generally an inferior strategy when one or more foreign competitors is pursuing a global low-cost strategy D. is usually defeated by a think global, act global type of strategy E. is very risky, given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods

Question

Shaniya Lloyd

Business

30 January, 01:53

A think local, act local multidomestic type of strategy A. can defeat a global strategy if the think local, act local multidomestic strategist concentrates its efforts exclusively in those foreign markets where it has profit sanctuaries B. is more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and marketing methods C. is generally an inferior strategy when one or more foreign competitors is pursuing a global low-cost strategy D. is usually defeated by a think global, act global type of strategy E. is very risky, given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods

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Ryland Mayer · Answer 1

Answer: B. is more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and marketing methods

Explanation:

A think local, act local multidomestic strategy focuses its commercial efforts and advertisement on the needs of the local market.

This strategy is actually more appealing when there's a huge difference in the country's culture and traditions, buyer tastes, and marketing methods. This makes it appealing for consumers and investors.