Final answer:
A standard marketing strategy with minimal modifications for each foreign market is known as a global marketing strategy, focusing on consistent branding and slight adjustments for local contexts.
Step-by-step explanation:
A standard marketing strategy that is modified only minimally for use in each of the firm's foreign markets is a global marketing strategy. This approach involves creating a consistent brand image and promotional campaign that can be implemented worldwide with only slight adjustments to accommodate local cultures and regulations. The goal of a global marketing strategy is to leverage the power of a singular branding effort to achieve economies of scale in advertising and production.