A_____ strategy should be used when pressures for cost reduction are strong and demands for local responsiveness are minimal.
A) Global standardization strategy
B) Multi-domestic strategy
C) Transnational strategy
D) Home replication strategy

Question

Quizplus · Accepted Answer

The global standardization strategy is the best choice in this scenario as it focuses on achieving cost savings by adopting standardized products or services across different markets, with little emphasis on local responsiveness. This strategy seeks to reap economies of scale and scope by leveraging standardized production, marketing, and distribution processes to reduce costs and enhance efficiency.

A_____ Strategy Should Be Used When Pressures for Cost Reduction