In order to compete in the global economy, firms have focused on increasing prices and improving the bottom-line profit amount.

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Quizplus · Accepted Answer

In order to compete in the global economy, firms have focused on reducing costs and improving efficiency, rather than increasing prices. This is because global competition often leads to price pressure and customers seeking out lower cost alternatives. Improving the bottom-line profit amount is still a goal, but it is achieved through cost reduction and efficiency improvements, rather than price increases.

In Order to Compete in the Global Economy, Firms Have