Which of the Following Describes an Effect of the Increased

question 36

Multiple Choice

Which of the following describes an effect of the increased competition caused by the globalization of production and markets in an industry?

• A) A company must face rivals not only on the domestic, but also on the foreign front.
• B) There has been a change from consolidated oligopolies to smaller fragmented, global industries that battle each other for market share.
• C) It has increased both the threat of entry and the intensity of rivalry within many formerly protected national markets.
• D) The threat of decreased profitability has caused companies to focus on efficiency, quality, customer responsiveness, and innovative ability.
• E) All of these are effects of the increased competition caused by the globalization of production and markets in an industry.

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Definitions:

Intoxicated

The condition of being under the influence of alcohol or drugs to the extent that mental and motor skills are impaired.

Market Value

The amount of money a willing buyer would pay a willing seller for goods, services, or assets in a competitive marketplace.

Minor

A person who is under the legal age of adulthood, typically considered to be under 18 years old in many jurisdictions.

Timely Manner

Refers to completing tasks or responsibilities within an expected or agreed-upon timeframe.