Microeconomics

a) Describe, in detail, the four strategies: Global Standardization Strategy, Transnational Strategy, International Strategy, and Localization strategy. Explain in your own words the differences between the strategies and the unique advantages each provide. b) When entering a foreign market, you might have to choose a business partner. Describe the process of partner selection in your own words. 12. Explain the relationship between quality and costs in your own words. How does improving quality reduce costs and increase prot