Firms able to standarize 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 and eliminate inefficiencies, leading to cost reductions and value enhancement. This is a continuous improvement process that is facilitated by the ability to compare and contrast operations across borders. Standardization does not directly increase research and development investment, provide access to low-cost labor, or mitigate cultural differences.

Firms Able to Standarize the Processes Used to Produce,sell,distribute,and Service