Which of the following is not a type of international business strategy?

C is the correct answer because "local strategy" is not a recognized term in international business strategy frameworks. International business strategies typically focus on how companies operate across borders, responding effectively to different market demands while optimizing their operations.

Global strategy refers to a company’s approach that integrates operations across different countries, aiming for a standardized product offering worldwide. A transnational strategy combines elements of both global and multi-domestic strategies, allowing companies to maximize efficiencies while also being responsive to local markets.

A multi-domestic strategy enables firms to tailor their products and marketing strategies to fit the specific needs and preferences of local markets. This approach recognizes the diversity of markets and the necessity of local responsiveness.

In contrast, a "local strategy" is not a formal term within international business strategy and lacks the specificity needed to align with established strategies in the field. Therefore, its absence from relevant literature and frameworks validates why it is not considered a valid type of international business strategy.