Companies producing entire inventories of products or components in one or very few optimal locations are likely following a ________ strategy.
A) retrenchment
B) global
C) multidomestic
D) multinational

Question

Quizplus · Accepted Answer

Companies following a global strategy concentrate their production in one or a few optimal locations to obtain economies of scale and scope, minimize costs, and achieve consistency in quality, design, and marketing across national markets. Retrenchment refers to a contraction or downsizing of a company's operations, while multidomestic and multinational strategies involve tailoring products and operations to the specific requirements of local markets.

Companies Producing Entire Inventories of Products or Components in One