Why do we study the global competitive environment?
A)Because doing business globally can provide access to cheaper resources which reduce costs and increase the number of potential customers which increases sales.
B)Because outsourcing is making manufacturing in the U.S.a thing of the past.
C)Because,as a knowledge worker,I'll probably be required to work overseas someday.
D)Because MIS is difficult to understand without it.

Question

Quizplus · Accepted Answer

Studying the global competitive environment helps businesses understand how they can access cheaper resources and increase their potential customer base, which can ultimately lead to cost savings and increased sales.

Answer: B and C do not accurately reflect the primary reason for studying the global competitive environment, and D is not entirely true as MIS can still be understood without extensive knowledge of the global competitive environment.

Why Do We Study the Global Competitive Environment