BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which one is an industry globalization drivers?
A
Competitive
B
Supplier
C
Buyer
D
Substitute
Explanation: 

Detailed explanation-1: -High levels of trade, competitive diversity, and interdependence increase the potential for industry globalization. Industry evolution plays a role, too. As the underlying characteristics of the industry change, competitors will respond to enhance and preserve their competitive advantage.

Detailed explanation-2: -Technological progression and changes in institutions across the world are major drivers that shape globalization.

Detailed explanation-3: -Globalization, or globalisation as it is known in some parts of the world, is driven by the convergence of cultural and economic systems. This convergence promotes–and in some cases necessitates–increased interaction, integration and interdependence among nations.

There is 1 question to complete.