Which of the following strategies is most likely to be pursued by a firm when there are strong pressures for cost reductions and demands for local responsiveness are minimal? a) Domestic strategy b) Global standardization strategyc) International strategyd) Transnational strategye) Nationalization strategy

Answer: A) domestic strategy

Explanation: Domestic strategy is a type of marketing strategy that is particularly used for the domestic purpose that is when a company establishes branch for particular company for the marketing. They don't have a focus on global areas rather than considering only the geographical area in their part.

They establishes their marketing strategy according to the factors like cultures, need, traditions, demand, preferences etc.