In the long run, an organization derives its global competitiveness from its ability to bring high-quality, low-cost products to market faster than its competitors.

Question

Quizplus · Accepted Answer

This statement is generally true as it highlights the importance of having a competitive advantage in terms of product quality, cost, and speed of delivery. Organizations that can effectively manage these factors are more likely to succeed in the global market. However, there may be other factors that can also contribute to a company's competitiveness, such as innovation, brand recognition, and customer service.

In the Long Run, an Organization Derives Its Global Competitiveness