question archive Multicountry competition refers to industry and competitive situations where the same competitors compete head-to-head against each other in 10 or more country markets
Multicountry competition refers to industry and competitive situations where the same competitors compete head-to-head against each other in 10 or more country markets
Subject:Operations ManagementPrice:2.85 Bought3
Multicountry competition refers to industry and competitive situations where the same competitors compete head-to-head against each other in 10 or more country markets. rival companies compete against each other across a geographical area consisting of several neighboring countries. competition in one national market is not closely connected to competition in another national market and, as a consequence, there is no true "global market" or "world market." companies based in several different countries find themselves in direct competition for buyers residing in two or more countries. competitive pressures and overall competitive intensity are much the same across several neighboring country markets.
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Multicountry competition is defined as a situation where competition in one national market has hardly any dependency or effect on the competition of another national market. In other words, it is a situation of no true global market or world market where competition in one nation affects the competition in another. Hence, it is a collection of self-sufficient country markets. Therefore, the correct option is (c). All other options are wrong as they do not portray the ideal condition of multicountry competition.
