Increasing Globalization of the Industry Can Be a Driving Force

question 27

Multiple Choice

Increasing globalization of the industry can be a driving force because

• A) the products of foreign competitors are nearly always cheaper or of better quality than those of domestic companies.
• B) foreign producers typically have lower costs, greater technological expertise, and more product innovation capabilities than domestic firms.
• C) companies need to spread their operating reach into more and more country markets to meet consumer demand and take advantage of available operating activities.
• D) it results in companies having fewer competitors and a strategic group map with fewer circles.
• E) market growth rates go up, product innovation speeds up, and new firms are likely to enter the industry.

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Definitions:

Dying

The end stage of life in which bodily processes decline, leading to death.

Anger

An emotional response characterized by annoyance, displeasure, or hostility.

John Bowlby

A British psychologist and psychiatrist who is considered the father of attachment theory, which emphasizes the importance of early emotional bonds.

Grief

The complex emotional response to loss, particularly to the loss of someone or something to which a bond was formed, characterized by feelings of sadness, loneliness, and longing.