When a Firm Has a Strategic Goal of Pursuing a Low-Cost

question 98

Multiple Choice

When a firm has a strategic goal of pursuing a low-cost strategy on a worldwide scale, the firm should follow a(n) _____ strategy.

• A) global standardization
• B) localization
• C) international
• D) customization

Understand the role of basic research in contributing to psychological knowledge.

Grasp the concept of hindsight bias and overconfidence in the context of psychological research and everyday reasoning.

Recognize the relevance of psychological perspectives to understanding behavior and mental processes in various contexts.

Understand the importance of psychological research in debunking common misconceptions and enhancing critical thinking.