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Firms that compete in the global marketplace typically face two types of competitive pressures, namely, the pressures for _______ and _______.

a. global integration; local responsiveness
b. politically sensitivity; market leadership
c. cost reductions; marginal costs
d. price reductions; cost reductions

User Uri Y
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Answer:

a. global integration; local responsiveness.

Step-by-step explanation:

A competitive pressure in business management can be defined as the degree of competition faced by a firm which involves the process of seeking to have a significant share of the available customers and market in a specific industry.

Firms that compete in the global marketplace typically face two types of competitive pressures, namely, the pressures for global integration and local responsiveness.

A global integration can be defined as the degree to which a particular firm can make use of the available resources, products and methods in another country.

On the other hand, local responsiveness can be defined as the extent to which a particular firm must customize or tailor its products and methods of production in order to meet conditions in another country.

User Massimo Milazzo
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