Many industries are now so competitive that firms must adopt a _____________________ strategy. This involves a ___________________ focus on reducing costs, transferring skills and products, and boosting local responsiveness.

Question

Quizplus · Accepted Answer

The correct answer is D) transnational; simultaneous. This is because a transnational strategy involves a simultaneous focus on reducing costs, transferring skills and products, and boosting local responsiveness to compete effectively in various global markets.

Many Industries Are Now So Competitive That Firms Must Adopt