A ________ strategy is attempted by companies that are extremely flexible and responsive to the needs and demands of local markets.
A) home-replication
B) transaction exposure
C) transnational business
D) free trade
E) multidomestic business

Question

Quizplus · Accepted Answer

The strategy described is known as a multidomestic business, which focuses on adapting products and services to meet the specific needs and preferences of each local market. This approach requires significant flexibility and responsiveness to local conditions, as well as the ability to quickly adapt to changing customer demands. Home-replication strategies, on the other hand, involve simply replicating a company's home country business model in other markets, while transnational strategies seek to balance global integration with local responsiveness. Transaction exposure refers to the risk of financial losses due to fluctuations in currency exchange rates, while free trade is a broader economic policy that seeks to promote global trade and reduce trade barriers.

A ________ Strategy Is Attempted by Companies That Are Extremely