If ABC International has standardized its product lines throughout the world markets it is pursuing a:
A) multidomestic strategy.
B) retrenchment strategy.
C) diversity strategy.
D) globalization strategy.
E) liquidation strategy.

Question

Quizplus · Accepted Answer

Standardizing products across different markets is a key aspect of a globalization strategy, which involves offering a consistent product or service in different parts of the world to achieve economies of scale and lower costs. A multidomestic strategy would involve adapting products to the specific needs and preferences of different regional markets, while a retrenchment strategy involves scaling back operations and reducing expenses. A diversity strategy involves expanding into new markets and product lines to spread risk, and a liquidation strategy involves selling off assets and exiting a market entirely.

If ABC International Has Standardized Its Product Lines Throughout the World