A company's ______ is the part of a corporate strategy that addresses how to gain and sustain a competitive advantage when competing against other foreign and domestic companies around the world.

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21-07-2022
Business

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A company's ______ is the part of a corporate strategy that addresses how to gain and sustain a competitive advantage when competing against other foreign and domestic companies around the world.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-26T16:33:33+02:00

A company's global strategy is part of a corporate strategy that addresses how to gain and sustain a competitive advantage when competing against other foreign and domestic companies around the world. This is further explained below.

What is global strategy?

Generally, A corporation develops a worldwide strategy in order to enter the international market.

In conclusion, The component of a company's corporate strategy known as its global strategy deals with how to obtain and maintain a competitive advantage when going up against other domestic and international businesses on a global scale.