Final answer:
The correct answer is option C, which matches multidomestic marketing strategies with multinational firms and global marketing strategies with transnational firms, reflecting their respective approaches to international market engagement.
Step-by-step explanation:
Multidomestic marketing strategies and global marketing strategies are terms used to describe approaches companies use to expand their markets and adapt to local conditions when operating internationally. A multidomestic strategy emphasizes adapting products and marketing strategies to fit the unique aspects of each local market. In contrast, a global marketing strategy treats the entire world as a single market, with more standardized products and marketing.
Bearing this in mind, the correct answer to the question 'Multidomestic marketing strategies are associated with ______ firms and global marketing strategies are associated with ______ firms' is C. multinational; transnational. Multinational firms often tailor their products and marketing to suit individual country markets; hence the term 'multidomestic' applies. On the other hand, transnational firms operate on a global scale and strive to combine global efficiency with local responsiveness, hence adopting global marketing strategies.
Consequently, the mention of the correct option answer in the final answer is: Multidomestic marketing strategies are associated with multinational firms and global marketing strategies are associated with transnational firms, which corresponds to option C.