Why Is Crafting a Strategy to Compete in One or More

question 21

Multiple Choice

Why is crafting a strategy to compete in one or more foreign markets inherently complex?

• A) Because factors that affect industry competitiveness vary from country to country.
• B) Because of the potential for location-based advantages in certain countries.
• C) Because different government policies and economic conditions make the business climate more favorable in some countries than others.
• D) Because of the risks for shifts in currency exchange rates.
• E) All of these.

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Definitions:

Hemisphere

Half of the earth, usually divided into northern and southern halves by the equator, or into western and eastern halves by an imaginary line passing through the poles.

Majority

A term referring to the greater part or number; in a group, the majority is more than half of its members.

Minority

A subgroup within a population that differs from the majority in cultural, ethnic, racial, social, or political characteristics.

Genome

All the genes or genetic content located in an organism or one of its cells.