As an industry becomes increasingly global,a firm must begin to coordinate an increasing number of _____ activities to effectively compete across countries.

Question

Quizplus · Accepted Answer

As the industry becomes increasingly global, a firm needs to coordinate its functional and strategic activities to effectively compete across countries. Functional activities refer to all the activities that are necessary to produce a product or service, such as production, marketing, research and development, and customer service. Coordinating these activities across different countries can ensure that a firm is able to produce a consistent and high-quality product or service. Strategic activities refer to the activities that are necessary to compete in a particular market, such as pricing, promotion, and distribution. Coordinating these activities across different countries can help a firm to identify and take advantage of opportunities in different markets while minimizing risks. Therefore, both functional and strategic activities are important for a firm to effectively compete across countries.

As an Industry Becomes Increasingly Global,a Firm Must Begin to Coordinate