This is a business strategy that involves standardized products offered worldwide and sold in similar manner in domestic and foreign markets.

Question

Quizplus · Accepted Answer

A global business strategy involves offering standardized products worldwide and selling them in a similar manner in both domestic and foreign markets. This approach allows for economies of scale and cost savings, but may require adaptation to local laws and customs. The other options (multidomestic business strategy, domesticated marketing, and common market approach) involve more customization and differentiation in different markets.

This Is a Business Strategy That Involves Standardized Products Offered