Solved:
Answered by AI, Verified by Human Experts
Multicountry competition refers to a market situation where
Multicountry competition refers to a market situation where a-many sellers compete against each other in many different country markets.
b-any competitive advantage a company secures in one country spills over to help it gain competitive advantage in another country. there are big variations in market size and rates of market growth from country to country.
c-there's so much cross-country variation in market conditions and in the companies contending for leadership that the market contest among rivals in one country is localized to that country and not closely connected to the market contests in other countries.
d-big variations in the prices of rival sellers from country to country cause many buyers in high-priced countries to divert their purchases to sellers in low-priced countries, thus creating much cross-country competition among sellers.
Final answer:Multicountry competition refers to a market situation where many sellers compete in different country markets. Competitive advantage may spill over to help a company gain an advantage in another country. Variations in market size, growth rates, and conditions among countries localize the market contests, but price variations can create cross-country competition among sellers.Explanation:Multicountry competition refers to a market situation where many sellers compete against each other in different country markets.In multicountry competition, competitive advantage that a company secures in one country may spill over to help it gain competitive advantage in another country.However, there are big variations in market size, rates of market growth, and market conditions among countries, causing the market contest among rivals to be localized to each country and not closely connected to the market contests in other countries.On the other hand, big variations in prices of rival sellers from country to country can create cross-country competition among sellers as buyers in high-priced countries may divert their purchases to sellers in low-priced countries....