While Service and Manufacturing Firms Contribute More to the Economy

question 127

Short Answer

While service and manufacturing firms contribute more to the economy and offer more jobs at all levels, ________________________ are also important to our lives and the economy.

Be able to identify and describe the essential factors in performing a cross-cultural analysis.

Differentiate between various market entry strategies, such as joint ventures and direct investment, and their pros and cons.

Understand the process of scanning the global marketplace, including economic considerations.

Describe the elements that constitute a global channel of distribution.

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Definitions:

Competitive Factors

Elements that determine a company's competitive advantage or disadvantage in the market, such as product quality, price, and customer service.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace, determined by supply and demand dynamics.

Subjective Feel

An individual's personal and emotional response or perception towards something.