When a Firm Has a Strategic Goal of Pursuing a Low-Cost

question 98

Multiple Choice

When a firm has a strategic goal of pursuing a low-cost strategy on a worldwide scale, the firm should follow a(n) _____ strategy.

• A) global standardization
• B) localization
• C) international
• D) customization

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Definitions:

Trucking Department

A division within a company that is responsible for the transportation and delivery of goods, typically using trucks.

Variable Costs

Expenses that change in proportion to the activity or volume of business, such as materials and labor costs.

Fixed Costs

Rephrased: Expenses that remain constant regardless of the company's level of production or business activity.

Trucking Department

A specialized division within a company responsible for the management and operation of trucking logistics, including transportation and delivery services.