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What is the competitive advantage of products and services offer organizations in international level?
Wiki User
∙ 10y ago
What is the competitive advantage of products and services offer organizations in international level?
Wiki User
∙ 10y ago
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How does a company use technology to gain competitive advantage?
Competitive advantage comes from 1. Creative products, which technology may help support 2. Excellence of service, where technology may support with speed and accuracy 3. Customer closeness, where technology may support customer analytics and contact points. 4. Low costs, which technology may support in many ways
What risks do organizations face when engaging in international finance activities?
International finance activities are a risky business because international business laws and regulations are not the same. It is possible for the international organization to 'dupe' the other out of money or products and the company could face no legal ramifications for the actions. Where company A could lose money and products and company B could gain money, products, and lost nothing. It is important for each company to do extensive research in verifying the legitimacy of the company and familiarize themselves with the laws and regulations in the country they are doing business.
How company's become globally competitive?
A certain company would become globally competitive ifThey must have global competitive workers with diversified skills and expertise is certain regions to produce a global competitive products. It means they must have to hire international experts for their certain target markets. For example if their target markets are in Asia then they must hire Filipinos or Chinese or Indians who knows the culture, taste, and demands in Asia. Why Filipinos, Chinese or Indians? Because the 3 mentioned nationals are having the highest population in Asia and they would tend to be dominant in most markets. Their worker also must have a globally competitive tongue. If they will hire Koreans or Vietnamese then they must have to be sure that such people could be understood by the global customers.Their products or services are globally competitive. Meaning they have the ability and capability to compete their product or services globally with other global competitorsThey have access to the international markets to compete globallyThey have enough fund to boast investment or to cater the global demands of their products or servicesKnowledge and expertise the rules and regulations in competing globally.
What are the advantages of being competitive?
Being competitive means being able to compete with other companies and their products, thus being able to stay in business and being able to compete and staying competitive.
Why does a perfectly competitive market require many buyers and sellers?
You need these people in order to sell products. Money needs to exchange hands in order to be competitive.
Where does competitive advantage come from?
Competitive advantage can come from products, employees and operations. When a firm has a competitive advantage, they are able to operate as a leader within their industry.
How companies differentiate and position their products for maximum competitive advantage Answer?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
How companies differentiate and position their product for maximum competitive advantage?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
What is competitive advantaged?
Competitive advantage is a term given to any factors that helps a business succeed over its rivals. If a business has a better location than another rival business, that would be a competitive advantage. Another example of competitive advantage might be the company's products versus a rival's products or a company's total market share.
What does competitive advantage have to do with business process analysis?
Examining your business processes to ensure that they are efficient will help you get a competitive edge. The faster your machines are able to produce products, the faster consumers will have them; this gives the business a competitive advantage.
When does a company achieve a sustainable competitive advantage?
when buyers prefer its products over competitors' in the long term
Is advertisement a waste of resourses?
No it isn't. By advertising your products or services you inform consumers about their existence and most importantly you can show the differences between competitive products. In other words advertisement gives you what is called a competitive advantage through differentiation.
What is the impact of international competition?
International competition allow consumers to have more options when it comes to products. They also help prices fall because the market is more competitive.
Are international products important?
Yes, international products ARE important. They underpin everyday things that we use without thinking about. Your clothing may be made in China, your belt made in India, your wallet made in Italy. Any investment bank with serious intentions to be competitive must have an international products analyst. Kostantin Chernyshev
How do small firms survive?
Small firms survive by producing quality products. They also leverage any other competitive advantage they may have in the industry.
The primary means of sustaining a competitive advantage is to adjust faster to the environment than your competitors do?
Companies that are able to adapt do have an advantage over their competition. They can bring products and services to the market much quicker than others.
What is the nature and scope of advertising?
There is high scope of advertisement in the competitive environment because the large organizations are advertise their products to the large audience so that is why advertisement is so important.
