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:

Speedy Reconstruction

"Speedy Reconstruction" refers to the rapid efforts and processes aimed at rebuilding and reforming the political, social, and economic structures of the Southern United States following the Civil War.

Western Land Access

Refers to the availability or right to use lands located in the western regions of a country or continent, historically significant for exploration, settlement, and development.

Berlin

The capital and largest city of Germany, known for its historical significance, cultural heritage, and as a center of political power and innovation.

Soviet Zone

The area of Eastern Europe that was under the influence and control of the Soviet Union after World War II, including parts of Germany, Poland, and other countries.