Which of the following is a valid reason for a firm's power and prestige in domestic markets to be significantly enhanced if it competes globally?
A) This can translate into improved negotiating power among important groups.
B) This rarely results in a practical advantage.
C) This can hurt its bargaining power with suppliers and distributors.
D) This does nothing to improve its position with creditors.
E) This can alienate the firm from its domestic creditors, suppliers, and distributors.

Question

Quizplus · Accepted Answer

Competing globally can enhance a firm's reputation and credibility, leading to improved negotiating power with suppliers, distributors, and other important groups.

Which of the Following Is a Valid Reason for a Firm's