Which of the Following Strategies Focuses on Increasing Profitability by Customizing

question 93

Multiple Choice

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

• A)International strategy
• B)Global standardization strategy
• C)Localization strategy
• D)Transnational strategy
• E)Nationalization strategy

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Definitions:

Anticipation Stage

The phase in project or personal development where preparation and expectations for future events or changes are made.

Capability

The ability or qualifications to achieve something or carry out a task effectively.

Learning Curve

A graphical representation of how an individual's or organization's performance improves over time with experience and learning.

Discovery Zone

relates to an environment or phase where exploration and learning new information or concepts take place.