Provide an Example of a Company Following a Multidomestic Strategy

Question

Examlex · Accepted Answer

The Answer is Student answers will vary.A multidomestic strategy is common in the consumer products and food industries.For example, Swiss-based Nestlé, the largest food company in the world is well known for customizing its product offerings to suit local preferences, tastes, and requirements.Given the strong brand names and core competencies in R&D, and the quality in their consumer products and food industries, it is not surprising that these multinational companies generally pursue a differentiation strategy at the business level.Other companies following a multidomestic strategy include Bridgestone and Philips.

Provide an Example of a Company Following a Multidomestic Strategy

Essay

Correct Answer:
Verified

Provide an Example of a Company Following a Multidomestic Strategy

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified