Local responsiveness needs stem from diversity of market conditions and social and political environments in the various countries in which the firm operates.

Question

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Local responsiveness is important for multinational firms due to the unique market conditions, social and political environments in different countries. A one-size-fits-all approach may not work in all locations, and firms must adapt their strategies to meet the needs of local customers, regulations, and cultural norms.

Local Responsiveness Needs Stem from Diversity of Market Conditions and Social