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Anna11 [10]
3 years ago
7

In the quest to achieve competitive advantage in global markets, competitive pressures require that firms do what they can to __

_____ unit costs so that consumers will not perceive their product and service offerings as too expensive.
Business
1 answer:
chubhunter [2.5K]3 years ago
5 0

Answer:

<u>Lower</u>

Explanation:

Diversifying in global markets refers to a firm offering it's products and services beyond the national boundaries, into new foreign markets, offering diverse and unrelated products.

Competitive advantage refers to gaining a competitive edge over the rivals which could be by using advanced technology or through an innovation which are firm specific and not available to the competitors.

In order to achieve competitive advantage, firms usually lower their per unit cost of production so as to increase the margin since increasing the price is not an alternative given the intense competition.

If a firm increases the price of it's goods and services in global market which is full of competitors, the firm won't be able to survive for long since in such a scenario global consumers would switch to competitors products available at a cheaper price.

Hence, the way out is to try and lower the per unit cost of products through efficient management and better deployment of available resources.

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________ entails even closer economic integration and cooperation than a common market. Group of answer choices A customs union
Goshia [24]

Answer:

An economic union

Explanation:

Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time. There are different types of market or trade bloc used in economic integration and these includes;

I. Customs union

II. Free trade area

III. Common market

IV. Political union

VI. Economic union

An economic union can be defined as a trade bloc which comprises of both customs union and a common market.

In a common market, there are free movement of the factors of production and no barrier to trade between member countries. Also, a common market establishes a common external trade policy for non-member countries.

However, an economic union entails even closer economic integration and cooperation among member countries than a common market because it combines customs union and a common market.

8 0
3 years ago
__________ is also called back-office processes, these are invisible to the external customer but essential to the effective man
mrs_skeptik [129]

Answer:

The correct word for the blank space is: Business-facing processes.

Explanation:

Business-facing processes are all those activities engaged by corporations to provide their goods or services to their clientele that are not portrayed to the final user. Those activities involve business planning, employee management, and third-party communications that might imply providing a customer's product.

5 0
3 years ago
What is a government bond that is repaid within 3 months to a year?
sattari [20]
The right answer for the question that is being asked and shown above is that: "d. Federal Reserve Note." a government bond that is repaid within 3 months to a year is called the d. Federal Reserve Note. 
4 0
3 years ago
Read 2 more answers
While it may not be possible to make the receiver happy when you deliver bad news, you can reduce bad feelings by structuring yo
OlgaM077 [116]

Answer:

  • Care and concerned use A) Unnderstanding
  • open to bad news C) When it may benefit them or somebody else
  • Candidate interview... C) close with good wishes  D) Buffer the opening
  • Forgot to turn in report .... B) Accept responsibility of the mistake D) Apologize with sincerity
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Explanation:

  • To make somebody feel cared you must show understanding of his/her problems.
  • People are open to bad news if you present them with facts and tell about the best possible outcome for everyone
  • Reject a candidat with good wishes and providing feedback on his/her application.
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Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan. 1. He will fill out the FAFSA for
zimovet [89]

Answer: All apply

Explanation:

8 0
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