The Main Benefit of a Global Strategy Is That It

question 46

Multiple Choice

The main benefit of a global strategy is that it allows a company to ________.

• A)closely monitor buyer preferences in each local market
• B)save costs due to product and marketing standardization
• C)customize its products and services
• D)respond effectively to emerging buyer preferences

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Definitions:

Economic Factors

Elements that influence the economic performance of an entity, such as inflation rates, employment levels, and GDP growth.

Parental Behavior

The actions and strategies parents use in raising their children, which can affect the children's psychological and emotional development.

Family Structure

The composition and organization of a family unit, including the relationships and roles of its members.

Punitively

In a manner that involves punishment or penalization, particularly with the aim of correcting or deterring undesirable behavior.