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)substantial government funding, high wages, and value-chain diversification

Question

Quizplus · Accepted Answer

The easy availability of low-cost labor, skilled workforces, government support, and family conglomerates have provided the new global challengers with a significant advantage over their competitors, making them formidable competitors. Instant brand recognition, superior market research, customer service, substantial government funding, high wages, and value-chain diversification may contribute to their success, but they are not the primary reasons for their competitiveness.

The New Global Challengers Have Become Formidable Competitors Primarily Because