A global standardization strategy makes most sense when there are strong pressures for cost reductions and demands for local responsiveness are minimal
Indicate whether the statement is true or false.
TRUE
Firms pursuing a global standardization strategy prefer to market a standardized product worldwide so that they can reap the maximum benefits from economies of scale and learning effects. Their strategic goal is to pursue a low-cost strategy on a global scale. This strategy makes most sense when there are strong pressures for cost reductions and demands for local responsiveness are minimal.
You might also like to view...
Which of the following is true about the Civil Rights Act of 1991?
A. It limits damage claims to attorney's fees and costs. B. It requires violators to pay punitive damages that specifically cover emotional pain and suffering. C. It prohibits violators from paying compensatory damages. D. It limits the maximum punitive damages allowed, depending on the size of the organization. E. It limits the maximum punitive damages to $50,000 for all organizations even if the discrimination was intentional.
ANOVA is an efficient way to compare:
A) two groups averages B) two groups percentages C) three or more groups variances D) three or more groups averages E) three or more groups percentages