Question

The multidomestic strategy of "think local, act local"

A. is most appropriate when the need for local responsiveness is low.

B. is most appropriate when the need for local responsiveness is low.

C. facilitates the transfer of a company's capabilities, knowledge, and other resources across country borders.

D. is the only global market entry strategy conducive to building a single worldwide competitive advantage.

E. becomes more appealing when country-to-country differences in buyer tastes, cultural traditions, and market conditions vary significantly.

Answer 1

The correct option is

E. becomes more appealing when country-to-country differences in buyer tastes, cultural traditions, and market conditions vary significantly

Think local and act local means adopting the cultural values, taste, preferences of the country in which the company is dealing into. The companies change their strategy, product, services as per the local requirement of the nations. As we know that every country has their own culture, values, traditions, taste, preferences hence adopting the local market condition of each country is think local and act local stragtey.