Companies that produce entire inventories of products or components in one or very few optimal locations are most likely to follow a ________ strategy.
A) retrenchment
B) global
C) blue ocean
D) multinational

Question

Quizplus · Accepted Answer

Companies that produce entire inventories in one or few optimal locations are following a global strategy. This involves standardizing products and processes across different countries and regions to achieve economies of scale and cost savings. This strategy is often used by large multinational companies who have a strong global presence and want to serve international markets efficiently. Retrenchment refers to a strategy of cutting back or divesting from certain businesses or operations. Blue ocean refers to a strategy of creating new and uncontested market space, rather than competing in existing markets. Multinational refers to companies that have operations in multiple countries, but may not necessarily have a standardized global approach.

Companies That Produce Entire Inventories of Products or Components in One