The new global challengers have become formidable competitors primarily because ________.
A) of instant brand recognition
B) of the easy availability of low-cost labor, skilled workforces, government support, and family conglomerates
C) of superior market research and customer service
D) of substantial government funding, high wages, and value-chain diversification

Question

Quizplus · Accepted Answer

The new global challengers have become formidable competitors primarily due to factors like the easy availability of low-cost labor, skilled workforces, government support, and the presence of family conglomerates. These elements provide a competitive edge by reducing costs, enhancing expertise, and ensuring support for growth and expansion.

The New Global Challengers Have Become Formidable Competitors Primarily Because