Sawyer Components manufactures high-cost, customized roller parts for paper mills and is expanding into China because of the opportunity for significant growth in this developing country. The owner uses effective global strategies and is aware of threats from foreign competitors. This illustrates that the owner has a global: (A) advantage (B) decision (C) introspective (D) outsource
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The scenario describes the owner’s strategic move into a growing market like China, which showcases their awareness of the international landscape and how local competitors operate. This indicates that they are making informed decisions based on the global competitive atmosphere, identifying both possibilities and challenges, hence demonstrating a global advantage. Expanding into a vibrant market like China means Sawyer Components can tap into new customer bases and potentially lower production costs with local resources. Additionally, keeping an eye on foreign competition helps the owner stay proactive, allowing the company to adapt its strategies accordingly and maintain its edge in innovation and services—key aspects of running a successful international business!