Local Competitors Possess an Advantage Over Global Competitors Because They

question 36

Multiple Choice

Local competitors possess an advantage over global competitors because they

• A)have a better access to sources of finance.
• B)have greater worldwide experience in product development.
• C)understand the local culture and have established relationships with local distributors.
• D)All of the above.

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Definitions:

Natural Resources

Materials or substances that occur in nature and can be used for economic gain, such as minerals, forests, water, and fertile land.

Ecosystems

Communities of living organisms interacting with each other and their physical environment, functioning as a unit.

Eco-Friendly

Practices or products designed to have minimal impact on the environment, promoting conservation, reducing pollution, and supporting sustainable living.

Teleconferencing

A method of communication whereby participants in different locations are able to have a meeting through telephone or video links.