The Purple Lace Inc., a home furnishing company, emphasizes standardization over local culture and needs of the specific market. It maintains consistency of operations across the different countries that the firm operates in. Which of the following is being exemplified in this scenario?

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The scenario exemplifies a global strategy, where the company emphasizes standardization over local culture and needs of the specific market to maintain consistency of operations across the different countries that it operates in. A global strategy involves leveraging the company's core competencies and products to serve a global market in a standardized manner, rather than adapting to local market conditions through customization or arbitrage. A multidomestic strategy, on the other hand, involves decentralizing operations and adapting to local market conditions, while an arbitrage strategy involves taking advantage of price differentials across markets.