If ABC International has standardized its product line throughout the world it is pursuing a:
A) multidomestic strategy.
B) retrenchment strategy.
C) diversity strategy.
D) globalization strategy.
E) liquidation strategy.

Question

Quizplus · Accepted Answer

Standardization of product line throughout the world is a characteristic of a globalization strategy which aims to achieve consistency and efficiency in production, marketing, and distribution of products on a global scale. It involves developing standardized products for the global market and producing them at low cost through economies of scale. This approach helps to increase profitability, reduce costs, and improve competitiveness by leveraging the benefits of a global economy. Hence, the correct answer is D) globalization strategy.

If ABC International Has Standardized Its Product Line Throughout the World