Firms that compete in the global marketplace typically face two types of competitive pressures.They face pressures for cost reductions and:
A) pressures for volume increases
B) pressures to be locally responsive
C) pressures to be politically savvy
D) pressures for price reductions
E) pressures to reduce costs

Question

Quizplus · Accepted Answer

Firms competing globally face pressures to be locally responsive in addition to pressures for cost reductions. This involves adapting products and services to meet the varying needs, tastes, and preferences of local markets.

Firms That Compete in the Global Marketplace Typically Face Two