Provide a stepwise synthesis for the following. 
Definitions:
Gross Domestic Product (GDP)
A measure of the economic output of a country, representing the total value of all goods and services produced over a specific time period.
Global Business Strategy
Offering a standardized, worldwide product and selling it in essentially the same manner throughout a firm’s domestic and foreign markets.
Standardized Product
Goods or services produced to a uniform specification that ensures consistency and quality across units, often facilitating mass production and distribution.
Merging
The process of combining two or more companies into a single entity, often to enhance competitive standing or expand market reach.
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