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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What steps have U.S. firms taken to regain a competitive edge in the global marketplace?

Summary Introduction

To determine: The steps that the firms of Country U have taken to regain a competitive edge in the global marketplace.

Introduction: International trade is an arrangement of activities that plan to trade capital, merchandise, and services between foreign nations over their worldwide outskirts.

Explanation

The steps that the firms of Country U have taken to regain a competitive edge in the global marketplace are as follows:

Even if the amount of assembling jobs has reduced, profitability has expanded. The below two imperative variables represent increments in productivity,

  • Development in innovation and technology finding a superior method to deliver items is the important feature that has empowered the makers of Country U to contend in the worldwide marketplace...

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