Which of the following is a consequence of localized competition in global marketing? A) A need for adaptation to local consumer behaviors B) Increased economies of scale for all c... Which of the following is a consequence of localized competition in global marketing? A) A need for adaptation to local consumer behaviors B) Increased economies of scale for all competitors C) Higher transferability of competitive advantages D) Standardized marketing messages across all regions
Understand the Problem
The question is asking about the consequences of localized competition in global marketing, specifically looking for the option that best identifies a result of such competition.
Answer
A need for adaptation to local consumer behaviors.
The consequence of localized competition in global marketing is 'A need for adaptation to local consumer behaviors'.
Answer for screen readers
The consequence of localized competition in global marketing is 'A need for adaptation to local consumer behaviors'.
More Information
Localized competition in global marketing requires companies to adjust their strategies to meet the specific preferences and behaviors of local consumers, rather than adopting a one-size-fits-all approach.
Tips
A common mistake is assuming global standardization works for all markets, overlooking the unique needs and preferences of specific local markets.
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