Firms able to standardize the processes used to produce, sell, distribute, and service their products across country borders enhance their ability to:
A) learn how to continuously reduce costs while increase the value of their products.
B) increase investment in research and development.
C) access to a low-cost labor force in the host market.
D) mitigate cultural differences.

Question

Quizplus · Accepted Answer

Standardizing processes allows firms to identify inefficiencies and replicate successful practices in multiple markets, leading to cost reduction and increased value of their products.

Firms Able to Standardize the Processes Used to Produce, Sell