Which of the following strategies aims at adapting products or services for local markets?

The multidomestic strategy is focused on tailoring products or services to meet the specific needs and preferences of different local markets. This approach recognizes that consumer behavior, cultural differences, regulatory environments, and competitive landscapes can vary significantly from one country to another. By adapting products, marketing strategies, and sometimes even operational processes, businesses employing a multidomestic strategy can better align with local customer expectations, thereby enhancing customer satisfaction and increasing market share.

In contrast, an international strategy typically involves exporting or using the same product without significant changes across different markets which is not as localized in its approach. A global standardization strategy emphasizes uniformity and consistency across markets, aiming for efficiency by producing standardized products that can be sold globally with minimal modifications. Lastly, a specific market strategy may suggest a focus on a single market, but it doesn't inherently imply the broader adaptation tactics used in a multidomestic strategy. Thus, the multidomestic strategy stands out as the most effective approach when the objective is to adapt products or services for local markets.