Question

Standards for competitive rivalry differ in countries throughout the world. What should firms do to cope with these differences? How do the differences relate to ethical practices?

Answer 1

Step-by-step explanation:

As a consequence of the market factors prevalent in the market, there really are various levels of competitiveness. The quality of the company's strategy, for example, will be determined by the quality standards imposed by government bodies.

These differences are linked to ethical behaviours in the sense that they will impact the quality of commodities produced by firms. When the quality of the products is degraded, it raises ethical concerns about the product.