Keeping informed about the number and the nature of competitors is easier when doing business internationally,since foreign competitors are generally weaker and fewer in number.

Question

Quizplus · Accepted Answer

This statement is false. It is not necessarily easier to keep informed about competitors when doing business internationally, and foreign competitors may not necessarily be weaker or fewer in number. It depends on the industry and specific market conditions. Competitor research and analysis is important regardless of whether the competitors are domestic or international.

Keeping Informed About the Number and the Nature of Competitors