Which of the following statements is true of transportation in the context of global product distribution?
A) Global firms fail to survive in a "two-speed world" that has a high growth rate and low per capita income.
B) Companies in low-growth markets need to deliver high volumes of low-cost products profitably with little infrastructure to support it.
C) Companies in high-growth markets need to develop innovative and cost-competitive logistics to surpass competitors without sacrificing profit margins.
D) A company with home-market competitive advantages in both upstream and downstream activities may be forced to reconfigure distribution activities to enter new global markets.
D
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If investors have homogeneous expectations, the market is efficient, and there are no taxes, no transactions costs, and no bankruptcy costs, the Modigliani and Miller Proposition I states that:
A. bankruptcy risk rises with more leverage. B. managers cannot change the value of the company by using more or less debt. C. managers cannot increase the value of the company by employing tax saving strategies.
Madison, who is a white, conservative Catholic, also tends to give higher ratings to other white, conservative Catholics. Madison is likely making a _____ error.
A) just-like-me B) similarity C) similar-to-me D) self-promotion