Which of the following is likely to be a major long?run competitive advantage of a U.S.multinational?
A)a decline in the real value of the U.S.dollar
B)access to low?cost foreign raw materials
C)its ability to quickly adapt its products and technology in line with changing market conditions
D)offshore banking facilities located in the Gulf of Mexico

Question

Quizplus · Accepted Answer

The ability to quickly adapt products and technology to changing market conditions is a major competitive advantage in the fast-paced global economy. The other choices do not necessarily provide a sustainable competitive advantage. A decline in the value of the U.S. dollar can make exports cheaper but does not necessarily lead to long-term competitiveness. Access to low-cost foreign raw materials can easily be replicated by competitors. Offshore banking facilities may provide some financial advantage but do not directly impact a company's competitiveness in its core business activities.

Which of the Following Is Likely to Be a Major