Although a firm's power and prestige in domestic markets may be significantly enhanced when the firm competes globally, this rarely translates into improved negotiating power among creditors, suppliers, or distributors.

Question

Quizplus · Accepted Answer

Competing globally can enhance a firm's negotiating power with creditors, suppliers, and distributors due to increased market presence, economies of scale, and diversified risk, which can make the firm a more attractive and reliable partner.

Although a Firm's Power and Prestige in Domestic Markets May