Question

The distinguishing feature of many firms that pursue a(n) _____ strategy is that they are selling...

The distinguishing feature of many firms that pursue a(n) _____ strategy is that they are selling a product that serves universal needs, but they do not face significant competitors.   

home replication

localization

transnational

global standardization

geographic

If you were asked to review and consider the two aspects of business profitability, which of the following considerations would be associated with maximizing prices?

  

Pressures to standardize

How custom do I need to be?

Both a. and b. (above)

  Global integration

All of the above.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1. Ans - global standardization.

The distinguishing feature of many firms that pursue a global standardization strategy is that they are selling a product that serves universal needs, but they do not face significant competitors.  

2. Ans - Pressures to standardize

Add a comment
Know the answer?
Add Answer to:
The distinguishing feature of many firms that pursue a(n) _____ strategy is that they are selling...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Firms face competing pressures in the marketplace–how to achieve lower costs through proven approaches to production,...

    Firms face competing pressures in the marketplace–how to achieve lower costs through proven approaches to production, while looking at how to maximize their effectiveness in local markets. A firm's choice of strategy must reflect these pressures, and the firm knows that the dynamics of competition may require changes in strategy. Pressures for local responsiveness mean that a firm may not be able to realize the full benefits from economies of scale, learning effects, and location economies. Customization of products brings...

  • 1. Pressures for local responsiveness may make it difficult to A. Complete effectively in more than...

    1. Pressures for local responsiveness may make it difficult to A. Complete effectively in more than one international market B. Monitor and adapt to changing customer tastes in a large number of foreign markets C. Leverage skills and products associated with a firms core competencies from one country to another 2. _________________________is the most appropriate strategy when there are substantial differences across nations with regard to consumer tastes and preferences, and where cost pressures are not A. Localization strategy B....

  • Read the Article posted below, then answer the following questions: Mergers & acquisitions are a major...

    Read the Article posted below, then answer the following questions: Mergers & acquisitions are a major form of corporate diversification strategy, identify and discuss the top three reasons why most (50-60%) of acquisitions fail to create shareholder value. What are the five major components of “CEMEX Way” and why has this approach been so successful in post-acquisition integration? In your opinion, what can other companies learn from the “CEMEX Way” as a benchmark for acquisition management? Article: CEMEX: Globalization "The...

  • Paragraph One- Introduce your primary source "Chapter" (Economics of Public Issues, Miller et.al, 2014) claims....introduce the...

    Paragraph One- Introduce your primary source "Chapter" (Economics of Public Issues, Miller et.al, 2014) claims....introduce the main point of the chapter and explain: Why should we care? How will this topic, issue, problem affect us? Or more to the point, who will benefit from knowing more about this issue, situation, problem. Why is this an important topic, issue, or problem? Paragraph Two Introduce the main points of your research. Make sure you give credit to at least two other sources....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT