Question

Firms that focus on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale, learning effects, and location economies pursue a strategy, global standardization hybrid traditional localization QUESTION 13 Firms engaging in with a local company can benefit from a local partner's knowledge of the host country's competitive conditions, culture, language, political systems, and business systems. turnkey projects • joint ventures licensing arrangements Greenfield investments QUESTION 14 Which of these is a common pitfall of exporting? Lack of home country government support Lack of host country government support Lack of market information in the foreign country Lack of shinning companies
12&14 please (no 13)

Answer 1

Answer 12:

The correct option is “global standardization”

In global standardization strategy the firm pursues a low cost strategy which can exist on a global scale.

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Answer 14:

The correct option is “lack of market information in foreign country”.

For exporting market information operating in the foreign country is critical. It usually is really hard to figure out the dependable and reliable information to plan you actions for exporting goods.