_____ are companies that traditionally provide low-priced goods for the bottom-of-the-pyramid consumers in their home markets.

Question

Quizplus · Accepted Answer

Local upstarts are companies that originate in a particular locality, region or country and provide affordable products and services to the lower-income segment of consumers in their home markets. They often operate in niche markets, offering simple and basic products with low margins but high volumes. These companies may have limited resources and capabilities, but they have a deep understanding of the local market dynamics, which gives them a competitive edge over multinational incumbents and foreign entrants.

_____ Are Companies That Traditionally Provide Low-Priced Goods for the Bottom-Of-The-Pyramid