A Firm Based in a Country with a National Competitive

question 94

True/False

A firm based in a country with a national competitive advantage is not guaranteed success as it implements its chosen international business-level strategy.Instead, the actual strategic choices managers make may be the most compelling reasons for success or failure.

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Definitions:

Industry

A sector of the economy that involves the production and manufacturing of goods or the provision of services.

Long Run

A period during which all factors of production and costs are variable, in contrast with the short run where some costs are fixed.

Short Run

A period in economics during which at least one input, such as plant and equipment, is fixed, focusing on immediate effects of economic decisions.

Marginal Revenue

The additional income generated from the sale of one more unit of a product or service.