Which of the Following Is True of Costs in Terms

question 59

Multiple Choice

Which of the following is true of costs in terms of how firms compete internationally?

• A)Adapting operations to fit local circumstances is cheap.
• B)The more tailored a product is, the higher the cost.
• C)Higher costs ensure risks are lowered or negated.
• D)Firms achieve economies of scale by avoiding standardization.

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Definitions:

Social Media Environment

A digital platform ecosystem where users create, share, and interact with content and each other, influencing opinions, trends, and communication.

Product Improvement

The process of making meaningful and incremental enhancements to a product's design, functionality, or performance to increase its value to users.

Negative Comments

Remarks that express criticism, disapproval, or a pessimistic viewpoint about something or someone.

Long-term Strategy

Planning focused on achieving goals and objectives over an extended period of time.