Using the automotive industry in Germany as an example, explain how competitive intensity in a focal industry affects national competitive advantage.
What will be an ideal response?
Companies that face a highly competitive environment at home tend to outperform global competitors that lack such intense domestic competition. Fierce domestic competition in Germany, for example, combined with demanding customers and the no-speed-limit Autobahn make a tough environment for any car company. Success requires top-notch engineering of chassis and engines, as well as keeping costs and fuel consumption in check. This extremely tough home environment amply prepared German car companies such as Volkswagen (which also owns Audi and Porsche), BMW, and Daimler for global competition.
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The term ________ refers to products produced in a way that meets the needs of the present without compromising future generations.
Fill in the blank(s) with the appropriate word(s).
In bringing an action for negligence in design, a plaintiff may prove all but which of the following?
A) The product design is inherently dangerous. B) The product design contains insufficient safety designs. C) The product design does not contain the most recent consumer preferences. D) The product design consists of materials that do not satisfy standards acceptable in the trade.
The Federal Trade Commission promulgated Telemarketing Sales Rules regulating the activities of telemarketers. One of the rules prohibits telemarketers from calling a person's residence at any time other than between 8:00 a.m. and 9:00 p.m. This legislative rule has the effect of a statute
a. True b. False Indicate whether the statement is true or false
On May 1, Newtown Motors, a used-car dealer, wrote a letter to O'Reilly,which stated, "We have a 1969 Pontiac Firebird in mint condition that we will sell you for $12,500 at any time before June 1. [Signed] Newtown Motors.". By May 15, having heard
nothing from O'Reilly, Newtown Motorssold the Firebird to another party. On May 25, O'Reilly told Newtown Motorsthat he accepted the offer and tendered $12,500. When Newtown Motorstold O'Reilly it had sold the car to another party, O'Reilly claimed Newtown Motorshad breached their contract. Is Newtown Motorsin breach? Explain.