In __________ industries,a firm's competitive position in one country is significantly affected by its position in other countries.
A)Local
B)Decentralized
C)Centralized
D)Global
E)Multilocal

Question

Quizplus · Accepted Answer

Global industries are those in which firms compete on a worldwide scale, and a firm's success in one country can significantly impact its position in other countries. In a global industry, firms must have a global strategy and a strong international presence to maintain their competitive advantage. Local, decentralized, and centralized industries focus on specific geographic regions or markets, while multilocal industries focus on multiple geographic regions or markets without the need for a global strategy.

In __________ Industries,a Firm's Competitive Position in One Country Is