Which strategy makes the most sense when there are strong pressures for cost reductions and demands for local responsiveness are minimal?

Question

Quizplus · Accepted Answer

When there are strong pressures for cost reductions and demands for local responsiveness are minimal, the global standardisation strategy makes the most sense. This strategy involves offering standardized products or services to a global market, often using a centralized and standardized production process to achieve cost savings. As local responsiveness is not a priority, there is no need to customize the products or services to fit local preferences or requirements. This strategy is best suited for companies that are looking to achieve economies of scale by producing in large volumes and selling to a large, global market.

Which Strategy Makes the Most Sense When There Are Strong