What Strategy Focuses on Increasing Profitability by Customizing the Firm's

question 68

Multiple Choice

What strategy focuses on increasing profitability by customizing the firm's goods or services so they provide a good match to tastes and preferences in different national markets?

• A) global standardization strategy
• B) transnational strategy
• C) localization strategy
• D) international strategy

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Definitions:

Sales Taxes Payable

This account reflects the amount of sales tax collected from customers by a company on behalf of state and local governments, which is to be remitted to those governments.

Remittance

The process of sending payment from one party to another, often from a buyer to a seller or from an employer to an employee.

Liability

An entity's financial obligation or debt, incurred during business operations, that it is obligated to pay to another entity.

Interest Expense

The total charges faced by a business for financing through borrowed money over a duration.