Which of the following strategies is most likely to be pursued by a firm when there are strong pressures for cost reductions and demands for local responsiveness are minimal? a) Domestic strategy b) Global standardization strategyc) International strategyd) Transnational strategye) Nationalization strategy

Question

01-08-2019
Business

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Which of the following strategies is most likely to be pursued by a firm when there are strong pressures for cost reductions and demands for local responsiveness are minimal? a) Domestic strategy b) Global standardization strategyc) International strategyd) Transnational strategye) Nationalization strategy

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Cetacea Cetacea · Answer 1 · 2019-08-12T06:46:29+02:00

Answer: A)domestic strategy

Explanation: Domestic strategy is a type of marketing strategy that is particularly used for the domestic purpose that is when a company establishes branch for particular company for the marketing . They don't have a focus on global areas rather than considering only the geographical area in their part.

They establishes their marketing strategy according to the factors like cultures,need, traditions, demand, preferences etc.