A Problem with the International Strategy Is That Over Time

question 11

True/False

A problem with the international strategy is that over time, competitors inevitably emerge, and if managers do not take pro-active steps to reduce their cost structure, their company may be rapidly out-flanked by efficient global competitors.

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Definitions:

Two-Language Nation

Refers to countries with two official languages recognised by the government and used in official documents, demonstrating a commitment to linguistic diversity.

Aging Population

An aging population denotes a demographic trend where the proportion of individuals aged 65 and over increases in a society, affecting healthcare, pensions, and workforce dynamics.

Stakeholder Needs

The requirements or expectations that stakeholders, including customers, employees, and investors, have of an organization.

Youth Workers

Individuals who provide guidance, support, and advocacy to young people through various programs and activities.