Defining national competitiveness as reaching a commerce surplus or balanced trade per se is inappropriate. Competitiveness also doesn’t imply jobs. It’s the kind of jobs, not just the power to employ residents at low wages, that is decisive for economic prosperity. The lack of a transparent explanation indicators an much more basic query. What is a “competitive” nation in the first place?
34. Competitive pressures stemming from the threat of entry are weaker when A) there are fewer than 20 potential entry candidates and greater than 10 corporations already in the trade. B) there are greater than three entry obstacles.
Government plays a job that is inherently partial, that succeeds only when working in tandem with favorable underlying conditions within the diamond. Still, government’s position of transmitting and amplifying the forces of the diamond is a strong one. It is an oblique, rather than a direct, role. Countries also differ markedly within the targets that corporations and people search to achieve. Company targets replicate the characteristics of nationwide capital markets and the compensation practices for managers.
A) can finest be decided by learning the strategies of those corporations in the industry’s best strategic group and those within the worst strategic group. Which competitor has one of the best strategy and which competitors have flawed or weak strategies. Anticipate what moves rivals are prone to make subsequent, thereby offering a priceless assist in outmaneuvering them within the market.
37. The competitive pressures from substitute products are typically stronger when A) patrons are comparatively comfortable with utilizing substitutes and the costs to buyers of switching over to the substitutes are low. B) there are more than 10 sellers of substitute merchandise. C) the standard and efficiency of the substitutes is properly the mixing of which pair of reactants will result in a precipitation reaction? above what consumers need to meet their necessities. D) patrons have excessive psychic prices in severing present model relationships and establishing new ones. E) demand for the industry’s product is not very value sensitive.