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ELEN [110]
3 years ago
5

In the hotly competitive auto industry, Geely faces high pressure for cost reductions. The company also sells its Volvo brand to

the same high-income, safety-conscious buyer the world over. The best strategy for Geely is a(n) __________ strategy.
Business
1 answer:
professor190 [17]3 years ago
7 0

Global standardization is the best strategy for Geely to device when faces high pressure for cost reductions.

<h3>What is Global standardization?</h3>

Global standardization serves as the marketing approach which involves using of standard marketing strategies to promote products internationally.

Conclusively, Global standardization can help a firm facing high pressure for cost reductions.

Learn more about Global standardization at;

brainly.com/question/1133228

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