A practice by which a firm builds cost advantages through centralized, global-scale operations is called ________.

Question

Quizplus · Accepted Answer

Global vision refers to a strategy that involves building global-scale efficiencies like centralized operations and using economies of scale to achieve cost advantages. This approach allows the firm to operate in different countries while maintaining a global outlook. A transnational vision, on the other hand, involves incorporating the strengths of both a global and local approach, while international and multinational visions imply a focus on expanding operations overseas without necessarily focusing on global-scale efficiencies.

A Practice by Which a Firm Builds Cost Advantages Through