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AfilCa [17]
3 years ago
11

The global-standardization strategy arises out of the combination of: Question 7 options: 1) high pressure for cost reductions a

nd low pressure for local responsiveness. 2) high pressure for local responsiveness and low pressure for cost reductions. 3) low pressure for both local responsiveness and cost reductions. 4) high pressure for both local responsiveness and cost reductions
Business
1 answer:
kati45 [8]3 years ago
3 0

Answer:

The correct answer is the option 1: high pressure for cost reductions and low pressure for local responsiveness.

Explanation:

To begin with, the concept known as <em>"Global Standardization"</em>, in the field of marketing and business, refers to the strategy that the companies can use when they decide to implement the same marketing strategy or campaign to every country in where the organization works. Therefore that the term refers to the standardization of the strategy that the company use in the marketing area to the whole globe due to the fact that mainly they look for the reduction of the costs and also because the pressure from the local responsiveness from the other foreign countries tend to be very low.

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3 years ago
A(n) , or trading bloc, is a regional group of countries with a common external tariff, no internal tariffs, and coordinated law
taurus [48]

A common market, also known as a trade bloc, refers to a group of countries that have a common external tariff, to favor both in different areas, such as social and economic.

<h3 /><h3>Common market definition</h3>

It is necessary that some requirements are satisfied so that there is a common market between countries, which are, the elimination of tariffs on the import and export of goods and services.

There is also the free movement of goods, capital, services and labor between member countries, as well as the common adoption of trade restrictions to countries outside the group. An example of a common market is the European Union.

Therefore, the common market or trading bloc corresponds to a formal agreement between countries generating greater efficiency, economies of scale, increased innovation and the capacity for economic growth.

The correct answer is:

  • Common market

Find out more information about common market here:

brainly.com/question/757709

5 0
2 years ago
What is the ground clearance of the Nissan GT-R?
labwork [276]

Answer:

110 mm

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3 0
2 years ago
Each country must answer three economic questions.<br>Define and describe each economic question
Alex787 [66]

Answer:

The three economic questions that every society must answer are as follows: "What to produce?" "How to produce?" and "For whom to produce?"

"What to produce": The quantity in which a commodity is to be produced is set at that level where demand equals supply. If quality produced is more or less, then there will be dis equilibrium in the market and price will fluctuate. Hence, to maintain stable equilibrium price it becomes necessary to make demand and supply equal.

"How to Produce": There are two types of techniques. A labor-intensive technique would employ relatively more labor and less capital. On the other hand, capital- intensive technique means more capital and less labor.  The choice of technique depends on the prices of the factors of production. That is, if labor is cheap and capital is expensive, a labor-intensive technique would be considered and vice-versa.

"For whom to produce": The solution of this problem is very simple commodity can be consumed only by people who have more purchasing power. Price mechanism determines the income of the workers, i.e.; purchasing power. The purchasing power of the owner of capital is determined in the same way. Thus, when the price of every commodity and every factor of production are determined, the third problem will be solved

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3 years ago
What are chemical contaminants
vaieri [72.5K]

Answer:

Chemical contaminants are chemicals toxic to plants and animals in waterways. The phrase 'chemical contamination' is used to indicate situations where chemicals are either present where they shouldn't be, or are at higher concentrations than they would naturally have occurred.

Explanation:

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