Firms in knowledge and technology-intensive industries often globalize to leverage their expertise into international markets-these are experience curve drivers

Question

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Experience curve drivers are factors that lead to cost reductions as a firm gains experience in producing a good or service. Globalization can help firms in knowledge and technology-intensive industries leverage their expertise into international markets, which can lead to cost reductions and increased profits.

Firms in Knowledge and Technology-Intensive Industries Often Globalize to Leverage