Asked by Rebecca Groen on Jun 18, 2024

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Speedy Motors is merging its individual operations into one so that it can offer a standardized product.It also plans to sell the product in essentially the same manner throughout the world.This strategy can best be described as a(n) _____.

A) international marketing strategy
B) orderly marketing strategy
C) global business strategy
D) multidomestic strategy

Global Business Strategy

Offering a standardized, worldwide product and selling it in essentially the same manner throughout a firm’s domestic and foreign markets.

Standardized Product

Goods or services produced to a uniform specification that ensures consistency and quality across units, often facilitating mass production and distribution.

Merging

The process of combining two or more companies into a single entity, often to enhance competitive standing or expand market reach.

  • Comprehend the role and impact of global marketing strategies for multinational corporations.
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Jasmine SantanaJun 20, 2024
Final Answer :
C
Explanation :
A global business strategy involves standardizing products and marketing approaches across different countries and regions, aiming for efficiency and consistency, which aligns with Speedy Motors' approach.