Related industries create the probability that new companies will enter the market. This ________ competition and forces existing firms to improve ___________.
A)decreases, innovation
B)decreases, efficiency
C)increases, efficiency
D)increases, sales

Question

Quizplus · Accepted Answer

Related industries create the probability that new companies will enter the market, increasing competition and forcing existing firms to become more competitive through efforts such as cost control, product innovation, and novel approaches to distribution. Combined, these give the home country's industries a source of competitive advantage.

Related Industries Create the Probability That New Companies Will Enter