________ refers to lowering the cost of the firm's operations and activities on a global scale.

Question

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Lowering the cost of operations and activities on a global scale is a strategy aimed at improving efficiency. By reducing costs, a company can maximize its profits and gain a competitive advantage in the market. Protectionism refers to the government's economic policy of shielding domestic industries from foreign competition. Flexibility refers to a company's ability to adapt to changing business environments. Currency control refers to government policies designed to manage the value of a country's currency.

________ Refers to Lowering the Cost of the Firm's Operations