Question at position 3 One reason to pursue a Global Standard method of foreign expansion would be:To meet the unique needs of each countryTo optimize production of goodsTo offer customized products only in countries where it is worthwhile, but otherwise standardize productsTo market your products with different brand names for each country

Question

Question at position 3 One reason to pursue a Global Standard method of foreign expansion would be:To meet the unique needs of each countryTo optimize production of goodsTo offer customized products only in countries where it is worthwhile, but otherwise standardize productsTo market your products with different brand names for each country

BlackTom AI · Accepted Answer

Global Standard strategies emphasize standardization and centralized control to achieve economies of scale, consistent quality, and lower unit costs across markets.

1. Relevant knowledge points and concepts
- Global Standard (also called global integration) focuses on producing and selling largely the same product worldwide.
- Key objectives are economies of scale in production, streamlined R&D, uniform branding, and cost reduction.
- The opposite approach is localization or adaptation, which customizes products for country-specific needs.

2. Step-by-step reasoning process
Step 1: Identify the defining feature of a Global Standard method — uniformity across markets.
Step 2: Ask which option matches uniformity and efficiency in production. Options that emphasize customization or unique country needs conflict with standardization.
Step 3: Evaluate each option against the core goal of a Global Standard approach.

3. Calculations or intermediate steps
No numerical calculations are required. The intermediate logical steps are:
- Standardization → larger production runs.
- Larger runs → lower average cost per unit (economies of scale).
- Lower costs and consistent product → optimized production of goods.

4. Why the correct answer is correct
"To optimize production of goods" aligns directly with the objective of global standardization: by producing a single design in larger volumes and possibly centralizing manufacturing, firms reduce per-unit costs, simplify supply chains, and achieve efficiency gains. Optimization of production is the natural consequence of applying the same standards and processes worldwide.

5. Why the other options are incorrect
- "To meet the unique needs of each country": This describes localization/adaptation, not Global Standard.
- "To offer customized products only in countries where it is worthwhile, but otherwise standardize products": This is a hybrid or mixed strategy, not a pure Global Standard approach.
- "To market your products with different brand names for each country": Changing brand names is a localization/brand differentiation tactic, contrary to the uniform branding often used in a Global Standard strategy.

6. Conclusion
Because Global Standardization aims for uniform products and efficiency in manufacturing, the correct answer is "To optimize production of goods," which matches the provided answer.

Similar Questions

Question at position 10 Global strategy of international business, Offers standardized products across country markets, with the competitive strategy being dictated by the home office.TrueFalse

Question at position 9 Which one of the following is not a benefit of using an international strategy?increased market size returns on investmenteconomies of scalehigher operational costs

How do firms approach customization of products when using the global standardization strategy?

A global strategy, in the context of international business, is best defined as:

A firm pursuing a Global Standardization strategy is characterized by:

A global corporate-level strategy assumes:

According to the Integration-Responsiveness framework, which strategy is appropriate when a firm faces HIGH cost pressures and LOW pressures for local responsiveness?

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler