The basic strategy paradigm suggests that to maximize its profitability, a firm should do which of the following?

a, Choose, according to strategy, any position on the efficiency frontier as all positions are viable

b, Pick a position on the efficiency frontier that is viable in the sense that there is a low product demand anticipated

c, Configure its external operations so that they support the position of diminishing returns

d, Make sure that the right organizational structure is in place to execute its strategy

Which of the following is associated with firms following the global standardization strategy?

a, high pressures for local responsiveness

b, cost advantage used to support aggressive pricing in world markets

c, low pressures for cost reductions

d, product offering and marketing strategy customized to local conditions