Competition from foreign countries is typically slower and more predictable.

Question

Quizplus · Accepted Answer

Competition from foreign countries can be highly unpredictable and volatile, as it depends on a variety of factors such as political instability, trade policies, and currency exchange rates. Additionally, foreign companies may have lower labor costs and different regulations that allow them to offer products or services at lower prices, creating intense competition for domestic businesses.

Competition from Foreign Countries Is Typically Slower and More Predictable