A(n) ________ Focuses on Increasing Profitability by Customizing the Firm's

question 58

Multiple Choice

A(n) ________ focuses on increasing profitability by customizing the firm's goods or services so that they provide a good match to tastes and preferences in different national markets.

• A) international strategy
• B) global standardization strategy
• C) localization strategy
• D) transnational strategy
• E) nationalization strategy

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Definitions:

Collective Intelligence

The combined intellectual capacity and knowledge of a group, regarded as surpassing individual contributions.

Cohesive Teams

Groups characterized by a strong bond among members, resulting in high levels of cooperation and collaboration.

Work Teams

Groups of individuals within an organization who come together to achieve specific goals and objectives.

Management Teams

Groups of individuals who coordinate to make decisions and guide organizations towards achieving their goals and objectives.