Which of the following would lead to the standardization of world markets?
A) Semiglobalization
B) Localization
C) Total globalization
D) Total isolation

Question

Which of the following would lead to the standardization of world markets? 
A) Semiglobalization 
B) Localization 
C) Total globalization 
D) Total isolation

Quizplus · Accepted Answer

Only total globalization, whereby there is full integration and homogenization of markets, can lead to the standardization of world markets. Semiglobalization allows for some global integration but still allows for regional and national differences. Localization emphasizes local adaptation and ignores global standards. Total isolation completely cuts off a market from the rest of the world.

Which of the Following Would Lead to the Standardization of World