Companies pursue a global standardization strategy when they want to minimize costs.

Name: Companies pursue a global standardization strategy when they want to minimize costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Pursuing a global standardization strategy involves creating and using standardized products, processes, and marketing across all international markets. This can lead to economies of scale, reduced production costs, and increased efficiency, which enables companies to minimize costs.

Companies Pursue a Global Standardization Strategy When They Want to Minimize