As Competition Intensifies, Global Standardization Strategies and Transnational Strategies Tend

question 83

True/False

As competition intensifies, global standardization strategies and transnational strategies tend to become less viable, and managers need to orientate their companies toward either an international strategy or a localization strategy.

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Definitions:

Gentrified

Refers to a process where a neighborhood undergoes urban renewal, leading to increased property values and displacing lower-income residents.

Blighted Neighborhood

An area of a city that is deteriorating, underdeveloped, or impoverished, often characterized by a decline in infrastructure and housing quality.

Upscale Restaurants

Dining establishments that offer high-quality food and services, often characterized by a formal atmosphere and higher prices.

Social Atomization

The process by which social bonds between individuals are broken down, leading to a state of fragmentation and isolation within a society.