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The _____ Strategy Focuses on Development and Distribution of Standardized

question 66

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The _____ strategy focuses on development and distribution of standardized products worldwide to reap maximum benefits from low-cost advantages.


Definitions:

Proprietorship Form

A business organization that is owned and operated by an individual, where there is no legal difference between the owner and the business.

Economic Unit

An economic unit is an entity, such as an individual, household, or company, making decisions regarding the allocation of resources and consumption.

Personal Records

Documentation of an individual's financial transactions and essential personal data.

Accounting Principles

The rules and guidelines that businesses follow to report financial information consistently and accurately.

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