One of the major reasons why global companies seek to develop standard products is because
A)A standard product allows the company to save money because the same product can be sold anywhere.
B)A company can be more responsive to local cultural conditions.
C)It allows the company to invest more in research and development.
D)All of the above

Question

Quizplus · Accepted Answer

Developing standard products allows global companies to save money by optimizing their production, supply chain, and distribution processes, as they can use the same components, machinery, and packaging across different markets. This approach also facilitates economies of scale and reduces complexity in sourcing and logistics. While adapting products to local cultural conditions can be important, it may entail additional costs, time, and risks of misunderstanding or misalignment between consumers and the brand. Investing more in research and development may not necessarily lead to standardized products, as innovation can also lead to differentiation and customization.

One of the Major Reasons Why Global Companies Seek to Develop