Which of the Following Strategies Focuses on Increasing Profitability by Customizing

question 3

Multiple Choice

Which of the following strategies 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
• E)nationalization strategy

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Definitions:

Linear

Characterized by a sequential, straight progression from one point to another without deviating.

Industries

Sectors of the economy that are characterized by a specific kind of activity or product, like technology, healthcare, and manufacturing.

UN Global Compact

Provides ‘universal’ guidance to businesses in developing sustainable practices, and sets some standards in relation to businesses that aim to operate ethically.

Anti-Corruption

Efforts made to combat fraud, bribery, and other corrupt practices in organizations and institutions.