GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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franchise
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global competition
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productivity
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industry
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Detailed explanation-1: -Global competition is the services or products provided by competing companies that serve international customers. There are challenges that are faced in competing globally, and to be successful, companies have to pay attention to cultural differences.
Detailed explanation-2: -Global competition becomes a form of international competition in which the position of an enterprise in one country affects its competitive position in other countries. As a result, companies are competing among themselves for international leadership. As a result of such a struggle, the economy is globalizing.
Detailed explanation-3: -Exporting. When a company decides to enter the global market, usually the least complicated and least risky alternative is exporting, or selling domestically produced products to buyers in another country. A company, for example, can sell directly to foreign importers or buyers.
Detailed explanation-4: -Find Competitive Advantage Over International Competition. Communicate Competitive Advantage to the Local Market. Enter New Markets with a Flexible Approach. 17-Aug-2017