Globalization

question 6

Multiple Choice

Globalization:

• A) Has little effect on the United States and its policies.
• B) Impacts almost every aspect of the United States and its policies.
• C) Only affects international policy.
• D) Affects global businesses, not people.

---

Definitions:

Standardization

The process of implementing and developing technical standards to maximize compatibility, efficiency, and quality among products and systems.

Differentiation

A marketing strategy where a company designs its products or services to be unique and attractive to a specific customer segment, setting it apart from competitors.

Marketing Strategy

A comprehensive plan formulated by businesses to achieve specific marketing objectives.

Global Corporations

Large multinational companies that operate and provide goods or services in multiple countries around the world.