Final answer:
The strategy described is a global standardization strategy in business, where Speedy Motors merges its operations and offers a standardized product worldwide. This strategy aims to achieve economies of scale through uniformity and efficiency in production, marketing, and distribution.
Step-by-step explanation:
The strategy described in the question, where Speedy Motors is merging its operations and offering a standardized product worldwide, can best be described as a global standardization strategy in business. This strategy involves developing and selling a standardized product or service across different markets. It aims to achieve economies of scale through uniformity and efficiency in production, marketing, and distribution.
For example, by merging its operations and offering the same product worldwide, Speedy Motors can benefit from standardized processes, reduced costs, and increased market share. Additionally, this strategy allows the company to maintain consistent brand image and customer experience across different regions, which can contribute to its success in the global marketplace.