In the global economy,rivalry is intensifying.Consequently:
A) dominant cultures are overwhelming those of emerging nations,making cultural diversity an issue mainly among developed nations.
B) it is becoming more likely that industrialized nations will continue to dominate world markets,overwhelming emerging countries.
C) strong brand names are especially important in opening new markets.
D) only companies with cost-leadership strategies have a competitive advantage.

Question

Quizplus · Accepted Answer

As rivalry intensifies, having a strong brand name can make a significant difference in a company's ability to successfully enter new markets and gain market share. Dominant cultures may not necessarily overwhelm those of emerging nations, and it is not guaranteed that industrialized nations will continue to dominate world markets. Additionally, having a cost-leadership strategy is not the only way to have a competitive advantage in a global economy with intensifying rivalry.

In the Global Economy,rivalry Is Intensifying.Consequently