A Localization Strategy Is Best Adopted When an MNE Is

question 2

True/False

A localization strategy is best adopted when an MNE is willing to give full attention to foreign market adaptation and there are minimal pressures to keep cost low.

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Definitions:

Early Retirement

An option allowing individuals to retire before the traditional retirement age, often with specific pension or benefits arrangements.

Labor Surplus

A situation in which the supply of workers exceeds the demand for labor, leading to unemployment or underemployment.

Labor Surplus

A situation where the supply of labor exceeds the demand for labor, often leading to unemployment or underemployment.

Natural Attrition

The process of reducing the workforce through voluntary means, such as retirement or resignation, rather than layoffs or firings.