GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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organizations compete around the world; organizations sell products in foreign countries
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companies locally and internationally are required to provide more or better services
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the characteristics of families such as size, growth and financial status
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ethnic variety, as well as socioeconomic and gender variety in a group, society or institution
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the mass movement of people who inhabit the same area, region or country
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Detailed explanation-1: -Global competition is when companies compete to sell goods and services on an international scale. As technology, transportation, and communication systems have improved, competition among companies in different countries has soared. The television industry is a perfect example of this.
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: -Broadly, international competitiveness is a measure of an organization’s advantage (or disadvantage) in marketing its products and/or services in global markets.
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