As developing countries try to industrialize, what competitive disadvantage do they face?
A) pressures to sell imported goods across regional markets already being produced by more experienced firms from richer countries
B) producing for underserved markets not yet targeted by more experienced firms from richer countries
C) producing for markets that are already being served by more experienced firms from richer countries
D) restrictions on imported goods already being produced by more experienced firms from richer countries

Question

Quizplus · Accepted Answer

Developing countries face the competitive disadvantage of producing for markets that are already being served by more experienced firms from richer countries. These firms already have established distribution channels, brand recognition, and economies of scale, making it challenging for developing countries to compete effectively. This puts developing countries at a disadvantage when trying to industrialize and grow their economies.

As Developing Countries Try to Industrialize, What Competitive Disadvantage Do