Question

Applying accounting measures of competitive advantage for firms that are headquartered in different has become less challenging today with the globalization of business?

Answer 1

Globalization has made it easier for firms headquartered in different countries to apply accounting measures of competitive advantage. With increased competition from other regions and countries, firms in various industries now face more challenges.

Step-by-step explanation:

Globalization has made it easier for firms headquartered in different countries to apply accounting measures of competitive advantage. With the forces of globalization and new communication and information technology, businesses now face increased competition from other regions and countries.

For example, the U.S. auto market, which used to be dominated by General Motors, Ford, and Chrysler, now faces competition from well-known car manufacturers from around the world, such as Toyota, Honda, and Volkswagen.