Firms that pursue a(n)_____ strategy focus on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale,learning effects,and location economies.

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Firms that pursue a global standardization strategy focus on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale,learning effects,and location economies.They prefer to market a standardized product worldwide so that they can reap the maximum benefits from economies of scale and learning effects.

Firms That Pursue A(n)_____ Strategy Focus on Increasing Profitability and Profit