This document discusses factors to consider in determining whether to standardize or adapt a product for global markets. It notes that marketers should aim for a degree of standardization or adaptation suitable for their business. Reasons for standardization include easier planning and control, reduced stock costs, and economies of scale. Reasons for adaptation include economic and cultural differences between markets, as well as legal reasons. Products like raw materials and medicines often require more standardization, while foods and tailored products typically need more adaptation. The document also outlines factors like competition, consumer preferences, and product type that influence the standardization vs. adaptation decision.