Explain the two opposing forces --- cost reduction and adaptation to local markets --- that firms...

80.2K

Verified Solution

Question

Operations Management

Explain the two opposing forces --- cost reduction and adaptationto local markets --- that firms must deal with when they goglobal.

Answer & Explanation Solved by verified expert

4.1 Ratings (458 Votes)

There is two opposing forces or strategies and these are helpful for organizations and help to deal with the global market The cost reduction strategy in which companies reduce the cost of their products and by this action increase their profit every single decision in product development affects the product See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member