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Five Forces Favor a Globalized Product Strategy

question 97

Essay

Five forces favor a globalized product strategy.These include: common customer needs, global customers, scale economies, time to market, and_____.


Definitions:

Social Integration

The process by which individuals from different backgrounds come to live together harmoniously with shared norms and values.

Economic Integration

The process by which different countries reduce trade barriers and coordinate monetary and fiscal policies to become more economically interdependent.

Two Solitudes

Refers to a situation of cultural separation or lack of communication, originally describing the relationship between English and French-speaking Canadians.

British

Relating to Great Britain, its people, culture, or its political entities.

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