Today's global economy changes competitive strategies because it ________.

Question

Quizplus · Accepted Answer

The global economy enables companies to access a wider range of resources, including specialized expertise, technology, and raw materials from different corners of the world. This expansion of options enables companies to differentiate their products and services to meet the various needs and preferences of different markets, which in turn changes how companies compete. The ability to differentiate products allows companies to compete on factors beyond price, such as quality, design, and innovation, thereby increasing their ability to attract customers and sustain profits.

Today's Global Economy Changes Competitive Strategies Because It ________