Increasing Globalization Can Be a Driving Force in an Industry

question 59

Multiple Choice

Increasing globalization can be a driving force in an industry because

• A)market growth rates go up,product innovation speeds up,and new firms are likely to enter the industry.
• B)companies need to spread their operating reach into more and more country markets to meet consumer demand and take advantage of available operating activities.
• C)foreign producers typically have lower costs,greater technological expertise,and more product innovation capabilities than domestic firms.
• D)the products and services of foreign competitors are nearly always cheaper or of better quality than those of domestic companies.
• E)it results in companies having fewer competitors and a strategic group map with fewer circles.

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Definitions:

External Sphincter

A circular muscle that helps control the expulsion of feces or urine from the body.

Thrombosed Hemorrhoid

A hemorrhoid in which a blood clot forms, causing pain, swelling, and often requiring medical intervention.

Rectal Prolapse

A medical condition where the rectum protrudes through the anus, either partially or completely.

Anal Fistula

An abnormal, inflamed tunnel between the end of the bowel and the skin near the anus, often resulting from an infection in an anal gland.