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Product Modifications Are Often Required When Entering Foreign Markets

Question 3

Multiple Choice

Product modifications are often required when entering foreign markets. One approach is to build country specific product features on a global platform. This strategy is known as _______________ and allows the firm to cater to the needs of customers in various markets while controlling production cost.


A) Global outsourcing
B) Mass customization
C) Multi-domestic production
D) Cross cultural manufacturing

Correct Answer:

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