A Localization Strategy Is Effective When Differences Among National and Regional

question 72

True/False

A localization strategy is effective when differences among national and regional markets are clear,and pressures for cost reductions are low.

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Definitions:

Carrying Costs

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs, among others.

Annual Ordering

Refers to the total cost and process associated with placing orders for goods or materials over the course of a year.

Gadgets

Small mechanical or electronic devices or tools, especially those that are ingenious or novel.

Carrying Cost

The total cost of holding inventory, including storage, handling, insurance, and opportunity costs, among others.