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.