Which Strategy Focuses on Increasing Profitability by Customizing the Firm's

question 22

Multiple Choice

Which strategy focuses on increasing profitability by customizing the firm's goods or services so they provide a good match to tastes and preferences in different national markets?

• A) Global standardization strategy
• B) Transnational strategy
• C) Localization strategy
• D) International strategy

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Definitions:

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Novel Solutions

Refers to unique and creative answers or approaches to problems that have not been previously considered.

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering problem-solving and creativity.

Genetic Problems

Disorders or diseases that are caused by abnormalities in an individual's DNA or chromosomes.