What Is "The Race to the Bottom" Discussed in the Text

question 86

Essay

What is "the race to the bottom" discussed in the text? Give an example that shows it is a real phenomenon, and another example that refutes MNEs' contribution to the problem.​

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Definitions:

Customer Relationship Management

A strategy and software for managing a company’s interactions with current and potential customers, aiming to improve business relationships.

Database Warehouse

A central repository for all or significant parts of the data that an enterprise's various business systems collect, optimized for query and analysis rather than transaction processing.

Competitive Intelligence

The act of gathering and analyzing information about competitors' strategies, strengths, and weaknesses to improve business decision-making.

Sales Era

A historical phase in marketing focused on aggressive sales techniques to push products, without much emphasis on customer needs or satisfaction.