A localization strategy should be considered whenQuestion 16 options:it allows a firm to capture the cost reductions of mass-producing a standardized product. it reduces duplication of functions. it involves longer production runs. it makes sense if the value added by customization supports higher pricing. it substantially reduces local demand.

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)