What Are the Two Types of Competitive Pressures That Firms

question 95

Essay

What are the two types of competitive pressures that firms competing in the global marketplace face? How do firms respond to these pressures?

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Definitions:

Final Year

The last year of an academic or educational program, often associated with completing final assessments and preparing for graduation.

Alternative Work Arrangements

These are non-traditional work schedules or locations that differ from the standard 9-to-5 office job, including remote work, flexible hours, and part-time positions.

Advantages

The beneficial aspects or strengths that provide a competitive edge or contribute to greater success and achievement.

Disadvantages

The negative aspects or drawbacks associated with a situation, decision, or action.