A strategy by which a firm sacrifices local responsiveness for the lower costs associated with global efficiency is referred to as ________ vision.

Question

Quizplus · Accepted Answer

The strategy described in the question is the "global" vision, as it focuses on achieving lower costs through standardization and economies of scale across different markets, but does not prioritize tailoring products and operations to local preferences and needs. The other options - multinational, international, and transnational - all involve varying degrees of localization and adaptation to different markets, so they do not fit the described strategy as well as the global vision does.

A Strategy by Which a Firm Sacrifices Local Responsiveness for the Lower