Firms That Compete in the Global Marketplace Typically Face the Asymmetric

question 40

Multiple Choice

Firms that compete in the global marketplace typically face the asymmetric forces of pressures for ________ and ________.

• A) global integration; local responsiveness
• B) price reductions; cost reductions
• C) politically sensitivity; market leadership
• D) cost reductions; customer satisfaction

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Definitions:

Merchandise

Items available for sale in stores or online.

Services

Intangible products provided to consumers, such as healthcare, education, and banking, which do not result in ownership of physical goods.

Educational Services

Professional services that encompass teaching and learning activities, including instruction, training, and other support provided by educational institutions.

NAFTA Agreement

Stands for North American Free Trade Agreement, a treaty entered into by the United States, Canada, and Mexico; effective January 1, 1994, to eliminate trade barriers and facilitate the exchange of goods and services.