A Firm Is Most Likely to Pursue a Global Standardization

question 111

Multiple Choice

A firm is most likely to pursue a global standardization strategy when

• A) it wants to implement a high-cost strategy on a global scale.
• B) it wants to reduce consumer surplus.
• C) there are no universal needs to be served.
• D) there are strong demands for local responsiveness.
• E) there are strong pressures for cost reduction.

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Definitions:

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The creation or rearrangement of an organization's structure to align it more closely with its objectives, strategies, and processes.

Competitive Advantage

The unique attributes or circumstances that enable an organization to outperform its competitors.

Michael Porter

An influential academic known for his theories on economics, business strategy, and competitive advantages.

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Economic segments or consumer markets located in countryside areas outside of urban and suburban regions, often characterized by different buying patterns and accessibilities.