Discuss Why a Company Desirous of Competing in Foreign Country

question 60

Essay

Discuss why a company desirous of competing in foreign country markets needs to pay close attention to the advantages of the cross-border transfer of competencies and capabilities.Are these transfers often a key to competitive advantage? Why or why not?

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Definitions:

Hourly Labour

Refers to workers who are paid for each hour of work they perform, as opposed to salaried employees who receive a fixed amount regardless of hours worked.

Kitchen Benchtops

The flat surfaces in a kitchen on which food can be prepared, often made from materials such as stone, laminate, or timber.

Mixed Cost

Expenses that have both fixed and variable components, changing in total with the level of activity but not proportionately.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including indirect labor, materials, and factory-related expenses.