Companies pursuing a low-cost strategy on a global scale are following a global standardization strategy.

Name: Companies pursuing a low-cost strategy on a global scale are following a global standardization strategy.
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Quizplus · Accepted Answer

A global standardization strategy involves offering a standardized product or service across different countries to achieve economies of scale and reduce costs. This aligns with a low-cost strategy as companies can offer a consistent product while keeping their costs low.

Companies Pursuing a Low-Cost Strategy on a Global Scale Are