Companies pursuing a ________ strategy attempt to achieve economies of scale by developing products for the worldwide market,which can be sold in large quantities.
A) home-replication
B) multidomestic business
C) transnational business
D) production orientation
E) global business

Question

Quizplus · Accepted Answer

A global business strategy is focused on achieving economies of scale by developing products for the worldwide market, which can be sold in large quantities. This strategy is geared towards creating a standardized product/service that can be sold across all regions, resulting in cost savings due to the ability to produce and distribute the product at a larger scale. This strategy is commonly used by companies in industries such as technology, automotive, and fast food.

Companies Pursuing a ________ Strategy Attempt to Achieve Economies of Scale