During the 1970s, which of the following statements was true of global competition?
A) European firms dominated key markets because of an excellent infrastructure.
B) Many Japanese and German firms began to take market share from American firms.
C) American firms dominated key markets despite having a poor infrastructure.
D) Countries such as India and China became world leaders in quality management.

Question

Quizplus · Accepted Answer

During the 1970s, Japanese and German firms became more competitive and started taking market share from American firms, particularly in industries like automotive and electronics, due to their focus on quality and efficiency.

During the 1970s, Which of the Following Statements Was True