Which of the following statements regarding global competition is false?
A) In global competition, rivals vie for worldwide market leadership.
B) In globally competitive industries, the power and strength of a company's strategy and resource capabilities in one country significantly enhance its competitiveness in other country markets.
C) In global competition, a firm's overall competitive advantage (or disadvantage) grows out of its entire worldwide operations.
D) In global competition, there's more cross-country variation in industry conditions and competitive forces than there is in industries where multidomestic competition prevails.
E) In global competition, many of the same rival companies compete against each other in many different countries, but especially so in countries where sales volumes are large and where having a competitive presence is strategically important to building a strong global position in the industry.

Question

Quizplus · Accepted Answer

This statement is false. In fact, in multidomestic competition, there tends to be more cross-country variation in industry conditions and competitive forces, as firms must adapt their strategies to local market conditions in each country they operate in. Global competition, on the other hand, tends to be more uniform, as competitors vie for worldwide market leadership and use similar strategies and capabilities across multiple countries.

Which of the Following Statements Regarding Global Competition Is False