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What Are the Four Basic Strategies That Firms Use to Compete

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What are the four basic strategies that firms use to compete in international markets?


Definitions:

Immune System

The body's defense mechanism against pathogens, comprising various organs, tissues, and cells that work together to protect the body from disease.

Infections

The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi that are not normally present within the body.

Delegation

The act of assigning responsibility or authority to another person (typically a subordinate) to carry out specific activities, while the delegator maintains accountability for the outcome.

Vital Signs

The critical physiological measurements that indicate the state of a person's essential body functions, including temperature, pulse, respiration rate, and blood pressure.

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