Definition

Multidomestic Industries

A Multi domestic Industry is one in which competition is essentially segmented from country to country. Thus, even if global corporations are in the industry, competition in one country is depend of competition in other countries. Example of such industries include retailing,   insurance, and consumer finance.In a multidomestic industry, a global corporation's subsidiaries should be managed as distinct entities;that is, each subsidiary should be rather autonomous,having the authority to make independent decisions in response to local market conditions.

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