A ________ Strategy Can Create Cost Savings Due to Product

question 88

Multiple Choice

A ________ strategy can create cost savings due to product and marketing standardization.

• A) retrenchment
• B) multidomestic
• C) blue ocean
• D) global

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Definitions:

Opportunity Cost

is the value of the best alternative forgone when a choice is made between competing options, representing the trade-offs associated with every decision.

Revenue Potential

The maximum amount of income that could be generated from a particular market or product, under ideal conditions.

Utility

A measure of satisfaction or happiness that a person derives from consuming goods and services.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.