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Some of Toyota's Competitive Advantage Is Due to Its Superior

question 112

Multiple Choice

Some of Toyota's competitive advantage is due to its superior ability to manage the design,engineering and manufacturing of its automobiles.Despite the fact that some of its products could be licensed for production by another company it does not do so because _____________.


Definitions:

Flat World

A metaphor describing a global environment where geographical and cultural barriers to communication, trade, and travel are diminishing, making the world more interconnected.

Free Access

Refers to the ability to obtain or use services without financial or restrictive barriers.

Uniform Trade Regulations

Agreed international rules and standards intended to simplify and harmonize global trade practices.

Global Financial Markets

The worldwide forums that exist for exchanging securities, currencies, and other financial instruments among global participants.

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