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What Are the Two Types of Competitive Pressures That Firms

question 95

Essay

What are the two types of competitive pressures that firms competing in the global marketplace face? How do firms respond to these pressures?


Definitions:

Situation

A set of circumstances or facts that are happening at a particular time and place.

Reward

A benefit or return gained as a result of an action taken or a service provided.

Basis For Power

The underlying reasons or sources from which an individual or entity derives its ability to influence or control outcomes.

Skillfully

Having or showing expertise, proficiency, or competence in a specific task or area.

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