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What Are the Two Levels of Strategic Alternatives That a Firm

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What are the two levels of strategic alternatives that a firm must consider when competing internationally?


Definitions:

Production Possibilities Frontier

A diagram displaying the peak output scenarios for two different goods, given certain resources and influencing factors.

Economic Growth

An upswing in economic output regarding goods and services over a given time interval, typically evaluated using the Gross Domestic Product.

Improving Technology

The process of developing and applying new and better techniques, tools, and machines to increase efficiency, productivity, and quality in production or services.

Capital

Wealth in the form of money or other assets owned by a person or organization or available for purposes such as starting a company or investing.

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