Which of the Following Strategies Is Most Likely to Pursued

question 15

Multiple Choice

Which of the following strategies is most likely to pursued by a firm when there are strong pressures for cost reductions and demands for local responsiveness are minimal?

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

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Definitions:

Trade Agreement

An agreement between two or more nations regarding the conditions of trade between them, often involving tariff reductions or other trade barriers.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Interconnected

Entities or systems that are linked together in a way that they affect or influence each other.

Global Marketing Strategy

A marketing approach that considers global operational differences, similarities, and opportunities in planning marketing activities.