Which of the Following Statements Is True About Localization Strategy

question 34

Multiple Choice

Which of the following statements is true about localization strategy?

• A) It focuses on marketing a standardized product worldwide to achieve cost reductions.
• B) It makes most sense when cost pressures are extremely intense.
• C) It is most appropriate when there are similarities across nations with regard to consumer tastes and preferences.
• D) It involves some duplication of functions and smaller production runs.
• E) It usually relieves companies of the task of closely monitoring their costs.

Evaluate the effectiveness of active stabilization policies in addressing unemployment and inflation.

Recognize the significance of automatic stabilizers in the economy and their impact on output and employment.

Discuss the implications of fiscal policy lags on the economy's adjustment to short-term and long-term goals.

Understand the concept and impact of net exports on aggregate demand and the stabilization policies to address it.

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Definitions:

Rational Choice Theory

A theory in economics and sociology that suggests individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Psychological Principles

Psychological principles refer to fundamental theories and established facts derived from psychology that explain and predict behaviors and mental processes.

Social Behaviors

Actions and reactions of individuals or groups in response to external or internal stimuli, influenced by cultural, social, and psychological factors.

George Homans

An influential American sociologist known for developing social exchange theory, which explains social change and stability as a process of negotiated exchanges between parties.