Global branding and standardization result in reduced costs from economies of scale.

Name: Global branding and standardization result in reduced costs from economies of scale.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Global branding and standardization allow companies to produce and market their products or services on a larger scale, resulting in lower production costs due to economies of scale. This can help companies achieve cost savings and increase profitability.

Global Branding and Standardization Result in Reduced Costs from Economies