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  • QA-10. Global Competition

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    Standardized product specifications across countries allows firms to more easily expand their business internationally, which increases global competition as firms can now compete more directly in foreign markets without needing to modify product specifications for each country. When specifications are consistent, firms face fewer barriers to entering new markets and competing with existing international competitors.

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    QA-10. Global Competition

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    Standardized product specifications across countries allows firms to more easily expand their business internationally, which increases global competition as firms can now compete more directly in foreign markets without needing to modify product specifications for each country. When specifications are consistent, firms face fewer barriers to entering new markets and competing with existing international competitors.

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    45 views1 page

    QA-10. Global Competition

    Uploaded by

    hy_saingheng_7602609
    Standardized product specifications across countries allows firms to more easily expand their business internationally, which increases global competition as firms can now compete more directly in foreign markets without needing to modify product specifications for each country. When specifications are consistent, firms face fewer barriers to entering new markets and competing with existing international competitors.

    Copyright:

    © All Rights Reserved
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    10. Global Competition.

    Explain why more standardized product specifications across countries


    can increase global competition.
    ANSWER: Standardized product specifications allow firms to more easily expand their
    business across other countries, which increases global competition.

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