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

question 30

Multiple Choice

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

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

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Definitions:

Assemblers

Individuals or machines that put together components to create a finished product.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Ratio

A mathematical expression that compares two quantities and shows the relative size of one quantity to the other.

Original Ratio

Original ratio refers to the initial proportional relationship between two or more quantities before any changes are made.