When Competition Is International,competitive Advantage Depends Not Just on a Firm's

question 17

True/False

When competition is international,competitive advantage depends not just on a firm's internal resources and capabilities,it also depends upon the availability of resources within each firm's country base.

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Definitions:

Payback

The amount of time it takes for an investment to generate enough returns to recover the original investment cost.

Average Accounting Return

A financial ratio that reflects the average net income of an investment compared to its average book value.

Liquid Investments

Assets that can be easily converted into cash with minimal impact on their value.

Biased

Demonstrating or exhibiting unfair or prejudiced perspectives, often leading to partial judgments or decisions.