7 Questions
What do distinctive competencies enable a company to attain in the overseas market?
Superior quality, efficiency, innovation, and customer responsiveness
What do product offerings reflect in relation to distinctive competencies?
Unique strengths that are difficult to imitate by rivals
How do distinctive competencies enable a company to lower production costs or attain differentiation?
By enabling the company to lower production costs or achieve differentiation
What do companies going for the global market realize by applying distinctive competencies?
Enormous returns compared to local competitors without such competencies
What do location economies contribute to?
Low cost production or differentiation of products
Why did Sundaram Fasteners expand its manufacturing operations to China?
To take advantage of low labor costs and other concessions
What does the optimal location enable business firms to do?
Go for value creation at low cost or maximize value creation
Test your knowledge about the concept of distinctive competencies and their significance in gaining a competitive advantage in overseas markets.
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