A Global Standardization Strategy Is Most Appropriate in an Industry

question 56

Multiple Choice

A global standardization strategy is most appropriate in an industry in which pressures for cost reductions are ____________ and pressures for local responsiveness are ___________.

• A) low; high
• B) high; high
• C) low; low
• D) high; low
• E) variable; high

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Definitions:

Precedent

A legal principle or rule established in a previous legal case that is either binding on or persuasive for a court or other tribunal when deciding subsequent cases with similar issues or facts.

Administrative Agencies

Government bodies responsible for implementing laws and regulations, often with a specific focus such as healthcare, education, or transportation.

Executive Branch

Refers to the part of government responsible for enforcing laws and policies, headed by the President in the United States.

Legislative Branch

The part of government that makes laws, often consisting of a bicameral (two-house) system, such as the U.S. Congress, made up of the Senate and the House of Representatives.