Which of the Following Is True of a Localization Strategy

question 44

Multiple Choice

Which of the following is true of a localization strategy?

• A)It allows a firm to capture the cost reductions of mass-producing a standardized product.
• B)It reduces duplication of functions.
• C)It involves longer production runs.
• D)It makes sense if the value added by customization supports higher pricing.
• E)It substantially reduces local demand.

Identify and differentiate between formal and natural concepts.

Comprehend the use and impact of prototypes in categorization.

Grasp the psychological processes involved in acquiring, retaining, and using knowledge.

Recognize the cognitive abilities involved in thinking, problem-solving, and language use.

---

Definitions:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.

Deflation

A decrease in the general price level of goods and services, often indicating reduced consumer demand or excess supply.

Inflation

A general increase in prices and fall in the purchasing value of money over time.

Real GDP

Real Gross Domestic Product, indicating the total value of all produced goods and services in an economy for a year, adjusted to account for inflation, thereby showing true economic value.