In developed economies,a firm's key concern is to enhance competitiveness to fight off low-cost rivals from emerging economies.

Question

In developed economies,a firm's key concern is to enhance competitiveness to fight off low-cost rivals from emerging economies.

Quizplus · Accepted Answer

This statement is true. In developed economies, firms face competition from companies in emerging economies that offer low-cost alternatives. To stay competitive, these firms need to enhance their competitiveness by adopting new technologies, improving efficiency, and cutting costs while maintaining high quality.

In Developed Economies,a Firm's Key Concern Is to Enhance Competitiveness to Fight