Which of the following strategies is most likely to pursued by a firm when there are strong pressures for cost reductions and demands for local responsiveness are minimal?

Question

Quizplus · Accepted Answer

A global standardization strategy focuses on achieving cost reductions through economies of scale, standardized products, and a centralized approach. This strategy minimizes the need for local responsiveness as products and processes are standardized across global markets.

Which of the Following Strategies Is Most Likely to Pursued