Explain how the rivalry within an industry affects international competence.
What will be an ideal response?
Answer: Domestic rivalry induces firms to find new ways to increase efficiency, this results in them becoming greater international competitors. Most domestic rivalry creates need for innovation, to improve quality, to reduce costs, and to invest in upgrading advanced factors. It is suggested that international success is predicted to be the combination of the combined impact of factor endowments, domestic demand conditions, related and supporting industries, and domestic rivalry. Porter's theory states that the presence of all four components is required to increase a companies competitive advantage.
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Which of the following sectors would NOT be considered to be part the service industry?
A) hotel B) insurance C) banking D) real estate E) chemicals
The 30th percentile, P30, is a value such that at most 30% of the data are smaller in value than P30 and at most 70% of the data are larger
Indicate whether the statement is true or false