Solved: Could you please some one help me to understand what does, Business Management

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Could you please some one help me to understand what does

Could you please some one help me to understand what does these assumption below mean.

Briefly describe these Assumptions OF Standardizing Global New Products

1. One product fits all

2. Significant homogenization of world consumer needs and wants

cultural issue are minimal
incremental profits are less than incremental costs of product modification

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