A global industry is one in which the competitive positions of companies in given local or national markets are affected by their overall global positions.

Question

Quizplus · Accepted Answer

In a global industry, companies in one local or national market can be affected by the overall global positions of companies in other local or national markets. This is because global factors such as trade policies, exchange rates, and global trends can impact the competitive positions of companies in different parts of the world.

A Global Industry Is One in Which the Competitive Positions