When a firm utilizes its entire worldwide system of production and market position against competition,it is using a
A)multidomestic strategy.
B)transnational strategy.
C)international strategy.
D)global strategy.

Question

Quizplus · Accepted Answer

Utilizing a worldwide system of production and market position against competition is a characteristic of a global strategy, which prioritizes global integration and standardization of products and operations. This strategy aims to achieve efficiencies of scale, cost reductions, and consistent brand image across all markets, and to leverage the firm's resources and capabilities globally. The other options (multidomestic, transnational, and international) may involve some form of global coordination, but do not prioritize it to the same degree as a global strategy.

When a Firm Utilizes Its Entire Worldwide System of Production