Which of the following is true of firms that compete in the global marketplace?
ID: 1108853 • Letter: W
Question
Which of the following is true of firms that compete in the global marketplace?
They must employ a domestic policy in order to have a competitive edge.
Because differentiation across countries can involve significant duplication and a lack of product standardization, it may reduce costs.
Because differentiation across countries can involve significant duplication and a lack of product standardization, it may raise costs.
They must employ a transnational policy in order to have a competitive edge.
A.They must employ a domestic policy in order to have a competitive edge.
B.Because differentiation across countries can involve significant duplication and a lack of product standardization, it may reduce costs.
C.Because differentiation across countries can involve significant duplication and a lack of product standardization, it may raise costs.
D.They must employ a transnational policy in order to have a competitive edge.
Explanation / Answer
Ans)
The statement B is correct
because differentiation across countries can involve significant duplication and a lack of product standardization, it may raise costs.
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