In the current age, global economy changes competitive strategies because it ________.
A) enables unprecedented product differentiation
B) makes communication between a company and its customer one-sided
C) reduces the risk that a company has to bear
D) eliminates the need for localizing products

Question

Quizplus · Accepted Answer

Global economy provides access to new markets and resources, leading to an increase in competition. To remain competitive, companies often resort to product differentiation, which is made possible due to the rapid flow of information and technology across borders. This has led to an era of unprecedented product differentiation.

In the Current Age, Global Economy Changes Competitive Strategies Because