In order to compete in the global economy, U.S. firms have focused on increasing prices and improving the bottom-line profit amount.

Question

Quizplus · Accepted Answer

In order to compete in the global economy, U.S. firms have actually focused on reducing costs and increasing efficiency rather than increasing prices. Improving profitability is important, but this is often achieved through cost-cutting measures such as outsourcing and automation, rather than through increasing prices.

In Order to Compete in the Global Economy, U