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5.-Competitiveness of the Home Market. A strongly competitive home market can sharpen a firm’s competitive advantage...

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Finance

5.-Competitiveness of the Home Market. A strongly competitivehome market can sharpen a firm’s competitive advantage relative tofirms located in less competitive markets. Explain what is meant bythe “competitive advantage of nations.

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A nations competitiveness depends on the capacity of its industry to innovate and upgrade Companies gain advantage against the worlds best competitors because of pressure and challenge They benefit from having strong domestic rivals aggressive homebased suppliers and demanding local customers Differences in national values culture economic structures institutions and histories all contribute to competitive success There are    See Answer
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