Which of the following is an effect of adopting a local responsiveness strategy?
A) Standardized products are developed and distributed.
B) Home-country-based competencies are duplicated in foreign countries.
C) Regulations on local products are loosened.
D) Costs of products and services are increased.

Question

Quizplus · Accepted Answer

A local responsiveness strategy involves tailoring products and services to meet the specific needs and preferences of local markets, which often leads to increased costs due to customization, adaptation, and potentially smaller economies of scale.

Which of the Following Is an Effect of Adopting a Local