Question

Both nike and adidas standardize many of their shoe models and colors worldwide, which is an example of _______.

Answer 1

This form of standardization is called as “Globalization”.

The purpose of globalization is to create a gobal identity that is recognizable around the world. This also refers to any strategy created by the company to help develop and launch its product and services globally.

Answer 2

Option c is correct. Both Nike and Adidas standardize many of their shoe models and colors worldwide, which is an example of globalization.

Further Explanation:  

Globalization:

Globalization refers to a process where the product and business strategies are implemented on the global level. When the product and other business activities are carried out on a global level, then it is known as globalization. The company expands its business activities to many countries in globalization.

Justification for the correct and incorrect option:

a.

Customization: This is an incorrect option because the customization is a process of changing the offered product or service as per the need of the consumer.

b.

Nationalization: This is an incorrect option because nationalization is a process of transferring the product and services from the private owners to the public.

c.

Globalization: This is the correct option because globalization is a process of spreading the product and strategies to the world level.

d.

Culturalization: This is an incorrect option the Culturalization is a process of adapting to the culture.

 

e.

Internationalization: This is an incorrect option because internationalization is a process of spreading the business to multiple nations. However, in globalization, the business spreads in almost all countries.

Thus, option c is correct. Both Nike and Adidas standardize many of their shoe models and colors worldwide, which is an example of globalization.

Learn More:

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2. Learn more about the demand curve

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3. Learn more about the upper management

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Answer Details:

Grade: Middle school

Chapter: Globalization

Subject: Business studies  

Keywords: Nike, Adidas, standardize, shoe, models, colors, worldwide, Culturalization, customization, internationalization