Firms that compete in the global marketplace typically face two types

QUESTION

Firms that compete in the global marketplace typically face two types of competitive pressure:

A. pressures for increasing investment and pressures to minimize consumer surplus.

B. pressures for labor skill enhancement and pressures to minimize economies of scale.

C. pressures for cost reductions and pressures to be locally responsive.

D. pressures for global promotions and pressures to move down the efficiency frontier.

E. pressures for product standardization and pressures to move up the experience curve.

ANSWER

C