Which of the Following Is NOT Associated with Firms Following

question 42

Multiple Choice

Which of the following is NOT associated with firms following the global standardization strategy?

• A) Low pressures for local responsiveness
• B) Use cost advantage to support aggressive pricing in world markets
• C) High pressures for cost reductions
• D) Customize product offering and marketing strategy to local conditions

---

Definitions:

Output

The total amount of goods or services produced by a company, industry, or economy.

Perfect Competitor

A hypothetical market structure in which no individual firm has any market power, allowing for an ideal level of competition where prices reflect actual costs.

Imperfect Competitor

A market participant who does not meet the conditions of perfect competition, often having some control over the price of its product or service.

MRP Schedule

A table showing the marginal revenue product (MRP) which is the additional revenue generated from using one more unit of a resource.