1. Due to the rise of other nations’ economies, the nature of competition between global companies...

1. Due to the rise of other nations’ economies, the nature of competition between global companies has changed- how would you describe those changes?

Expert Solution

By employing a strong strategy, understanding local labor laws, focusing on speed to market, and using partnerships to drive efficiency and innovation,companies can gain the competitive edge they are looking for in the global marketplace.

Global competition has allowed companies to buy and sell their services internationally, which opens the door to increased profits and flattens the playing field in business.

However the changing world grows up with its changing economies. Therefore the global companies made some regulatory changes in them to ensure they level up quickly with the emerging nation and markets.

China tops the ranking for emerging markets, bolstered by strong investment, support for innovation and considerable scope to raise income toward advanced economy levels

Rahul Sunny answered 2 years ago

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