One strategy U.S. manufacturers have employed in order to become more competitive is:
A) focusing on providing the lowest-priced products.
B) relying on advanced technology and the Internet to unite companies.
C) maintaining a distance relationship with suppliers in an effort to guard trade secrets.
D) increasing advertising budgets.

Question

Quizplus · Accepted Answer

U.S. manufacturers have employed the strategy of relying on advanced technology and the Internet to unite companies in order to become more competitive. This allows for better communication and collaboration between different stages of the supply chain, ultimately resulting in increased efficiency and productivity. Focusing on providing the lowest-priced products may not necessarily lead to long-term profitability, maintaining a distance relationship with suppliers can lead to a lack of transparency and trust, and increasing advertising budgets may not directly address underlying competitive issues.

One Strategy U