Global competition exists when
A)a firm produces and markets its products worldwide rather than in its own domestic market.
B)firms originate,produce,and market their products and services worldwide.
C)two firms from two different countries compete for market share in a domestic market.
D)two or more firms from different nations combine their resources to market products globally.
E)the firm from one nation dominates the market for that product in every other nation.

Question

Quizplus · Accepted Answer

Global competition exists when firms originate, produce, and market their products and services worldwide. Option A refers to international competition, where a firm produces and sells products globally. Option C refers to domestic competition between firms from different countries. Option D describes international cooperation, not competition. Option E describes a monopolistic situation, not competition.

Global Competition Exists When