Which of the following is true of a firm that pursues a global standardization strategy?

Question

Quizplus · Accepted Answer

A firm that pursues a global standardization strategy focuses on achieving economies of scale and learning effects by producing standardized products and using standard processes across multiple markets. This allows the firm to reduce costs and increase efficiency by using the same production and distribution channels globally. Customizing products to local conditions would contradict this strategy, leading to higher costs and reduced standardization, which is not the objective of this strategy. Shorter production runs are typically associated with firms that pursue a flexible strategy in highly dynamic markets, which is not the case with a global standardization strategy. Therefore, the correct answer is E.

Which of the Following Is True of a Firm That