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•To compete successfully British firms need low taxes and business rates so the running cost of the business is down so prices can be kept low, to invest in new technology and equipment to stay ahead of their competitors, low inflation so other business costs and prices can be kept down and a competitive exchange rate so the value of the pound is low so that British goods and services are cheap to foreign buyers.
What else can I help you with?
Firms that successfully increase their rates of inventory turnover will among other things?
all of the above
Why does firms compete?
fiming
True-or false-explicit collusion means when firms explicitly compete?
It is false.It means when firms explicitly agree to co-operate rather than compete.
What are the primary sources of the competitive advantages firms use to compete in international market?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
What are the primary sources of the competitive advantages firms use to compete in international markets?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
Of what considerations should firms attempting to compete on a global basis be aware?
Firms attempting to compete on a global basis should be aware that nations differ greatly in their political, legal, economic, and cultural environments
What government payment helps domestic producers compete with a foreign firms?
Subsidies
Firms that successfully increase their rates of inventory turnover will?
get sales up
Why don't small firms grow bigger?
A lack of resources to expand is usually the answer. Small firms must keep their prices small to compete with the bigger firms and in that price it does not include the money needed for expantion.
What is the strategy of Ford motor company?
The stratergies of Ford is to: Cover costs Make Profit Compete with other firms
What do economists call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical things that firms make ( things that can be seen or touched)?
Economists call the things that firms sell which cannot be touched or seen goods and services.
