Product market competition places a lower bound on labor costs and compensation.
举一反三
- Competition in the market segment with businesses that offer the same type of product or services is referred to as A: segment competition B: free-market competition C: direct competition D: indirect competition
- With more overseas companies trying to obtain the big project recently open to the public, the competition in this market is bound to __________.
- A cost leadership strategy requires a firm to ________. A: match its competition in terms of costs B: aim at a cost advantage in a niche market C: maintain the lowest cost structure D: be unique in its product offering
- When should acompany ideally enter a foreign market?A)Whenthe foreign market is saturatedB)Whenthecosts of labor and resources are higher than the domestic costsC)Whenthe demand for the product declinesin the domestic marketD)When competition in the domestic market is the leastE)Whenprotectionismispromoted. A: a B: b C: c D: d E: e
- Current marketing situation means to present relevant ________ data on the market, product, competition, and distribution.