One strategy U.S. manufacturers have employed in order to become more competitive is:
A)focussing on providing the lowest priced products.
B)relying on advanced technology and the Internet to unite companies.
C)maintaining a distance relationship with suppliers in an effort to guard trade secrets.
D)increasing advertising budgets.

Question

Quizplus · Accepted Answer

By relying on advanced technology and the Internet to unite companies, U.S. manufacturers are able to improve communication and collaboration with suppliers and customers, streamline their supply chain management processes, and ultimately become more efficient and competitive in the global marketplace. Focusing solely on providing the lowest priced products (A) may not be sustainable in the long term, while maintaining a distance relationship with suppliers (C) could actually harm relationships and hinder innovation. Increasing advertising budgets (D) may help boost sales, but it is not a sustainable strategy for improving competitiveness.

One Strategy U