he two important environmental trends that influence a firm's choice and use of international corporate-level strategies are _________ and __________. a. regionalization; globalization b. culture; geographic scope c. liability of foreignness; regionalization d. cost; quality
Social Studies · High School · Thu Feb 04 2021
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a. regionalization; globalization
Globalization refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. For firms, globalization means that they can access larger markets, benefit from economies of scale, and tap into a broader base of resources, including labor and technology. Globalized markets tend to compel firms to standardize their products and services to reach as wide an audience as possible.
On the other hand, regionalization acknowledges that despite the trend of globalization, there are still significant regional differences that can affect how firms operate. These differences can include cultural, economic, and political factors that are unique to a particular geographic area. For a firm, this means that while it may act globally, it must also understand and adapt to the local conditions in the regions where it operates. International strategies might therefore be tailored to fit regional preferences and comply with local regulations.