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:

Timer Instruction

An instruction in programming that initiates a timer, controlling how long a certain operation or event should last before proceeding.

Duplicate Programming

The practice of unnecessarily repeating code or functionality within a software application, which can lead to inefficiency.

Machine Cycle

The basic operation cycle of a computer's CPU, typically involving fetching an instruction from memory, decoding it, and then executing it.