Local competitors possess an advantage over global competitors because they

Name: Local competitors possess an advantage over global competitors because they
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

Local competitors understand the culture and have established relationships with local distributors, giving them an advantage over global competitors. While they may not have a better access to sources of finance or greater worldwide experience in product development, their local knowledge and connections can often give them a competitive edge.

Local Competitors Possess an Advantage Over Global Competitors Because They