Being International Can Be a Source of Competitive Advantage If

question 38

Multiple Choice

Being international can be a source of competitive advantage if

• A)your product or service is tradable.
• B)there are significant economies of scale in your industry.
• C)your customers only consider local conditions.
• D)a and b.

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Definitions:

Quality

The degree to which a product or service meets certain standards and satisfies customer expectations.

Income Ratio

A measure used in finance to gauge the proportion of income generated relative to a specific base, such as revenue, investments, or operational costs, providing insight into financial health.

Accounts Payable

Money owed by a company to its suppliers or vendors for goods and services received but not yet paid for.

Note Payable

A written agreement where one party promises to pay another party a certain amount, usually including interest, at a future date.