Which of the following environments are optimal for a localization strategy?
A) When pressures for local responsiveness and cost reductions are both low
B) When pressures for local responsiveness and cost reductions are both high
C) When pressures for local responsiveness are low and pressures for cost reductions are high
D) When pressures for local responsiveness are high and pressures for cost reductions are low
E) When pressures for local responsiveness and cost reductions are both moderate

Question

Quizplus · Accepted Answer

When pressures for local responsiveness are high and pressures for cost reductions are low, it is optimal for a localization strategy. This is because the company can tailor its products or services to meet the specific needs and preferences of the local market, which requires high local responsiveness. On the other hand, cost reductions can take a backseat as the company would be willing to incur some extra costs to meet the local preferences.

Which of the Following Environments Are Optimal for a Localization