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A __________ Produces and Distributes Identical Products and Services Worldwide

question 5

Multiple Choice

A __________ produces and distributes identical products and services worldwide, while ________ emphasizes flexibility and customization to meet the needs of differing customer groups worldwide.


Definitions:

Competitive Rivalry

The ongoing, competitive struggle between companies in the same industry or market to win over customers, increase market share, and achieve dominant status.

Substitute Products

Goods or services that can be used in place of each other, offering consumers an alternative choice.

Economies Of Scale

Refers to the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Industrial Standards

Established norms and requirements regarding technical specifications and safety measures that products or processes should meet within an industry.

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