To compete in a global market, a firm must be better than its competitors in meeting customer needs.

Question

Quizplus · Accepted Answer

This statement is true. In order to be successful and stay competitive in a global market, a firm must prioritize meeting customer needs and providing the best possible customer experience. This can include offering unique products, excellent customer service, or personalized experiences that set them apart from their competitors.

To Compete in a Global Market, a Firm Must Be