A commodity oil producer would probably achieve the highest level of profitability with a(n) ___________ strategy.
A) global standardization
B) international
C) localization
D) transnational
E) focus

Question

Quizplus · Accepted Answer

A commodity product like oil is generally not differentiated by region or market. Therefore, a global standardization strategy that maximizes economies of scale and reduces costs could help the producer achieve the highest level of profitability. By reducing costs, the commodity producer can maintain a competitive price advantage over competitors in different markets.

A Commodity Oil Producer Would Probably Achieve the Highest Level