Competitive Advantage for Global Firms Grows Out of Continuous Improvement,__________,and

question 15

Multiple Choice

Competitive advantage for global firms grows out of continuous improvement,__________,and change.

• A)product quality
• B)employment of a multicultural or multinational staff
• C)membership in a formalized trade organization
• D)market research
• E)innovation

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Definitions:

Federal Trade Commission

The Federal Trade Commission is a U.S. federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.

Unfair Practices

Business actions that are dishonest, deceptive, or not in accordance with established legal and ethical standards.

Public Hearings

Formal meetings held by governmental bodies to allow the public to express opinions and provide input on proposed regulations, projects, or decisions.

AT&T Case

Refers to a landmark antitrust case against the American Telephone & Telegraph Company, leading to the breakup of its monopoly in the telecommunications industry.