Firms That Compete in the Global Marketplace Typically Face Two

question 6

Multiple Choice

Firms that compete in the global marketplace typically face two types of competitive pressures.They face pressures for cost reductions and:

• A)pressures for volume increases.
• B)pressures to be locally responsive.
• C)pressures to be politically savvy.
• D)pressures for price reductions.

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Definitions:

Hierarchy

An organized system where people or parties are classified in a sequence based on their authority or prestige.

Pyramid

A structure or organization shaped in a pyramid form, often used metaphorically to describe hierarchical systems.

Horizontal Design

An organizational structure that focuses on teamwork and collaboration, minimizing hierarchical levels.

Functional

Serving a specific purpose or role that contributes to the overall operation or efficiency of a system.