Firms That Quickly and Intelligently Seize Global Opportunities Can Secure

question 28

Multiple Choice

Firms that quickly and intelligently seize global opportunities can secure which of the following forms of competitive advantage?

• A)Cost advantage.
• B)Market access advantage.
• C)Capabilities advantage.
• D)All of the answer choices.
• E)Both cost advantage and market access advantage.

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Definitions:

Common Currency

A system where a single form of money is used across multiple countries, facilitating easier trade and financial transactions.

Farm Exports

Agricultural products produced on farms that are sold and shipped to other countries as part of international trade.

Greater Productivity

An increased level of output per unit of input, often resulting from improvements in efficiency or effectiveness in processes.

European Union

A political and economic union of 27 European countries that have agreed to abide by certain rules and standards to promote economic integration, social progress, and peace within Europe.