Asked by Timothy McCormick on May 05, 2024
Verified
The decline in Canada's competitiveness in the international marketplace is an example of which economic force?
A) economic cycles
B) global trade
C) productivity improvement
D) connectivity
E) innovation improvement
Canada's Competitiveness
A measure of Canada's ability to compete successfully in the global market through innovation, productivity, and efficiency.
Economic Force
External factors in the economic environment that can affect an organization's ability to operate and compete, such as inflation, unemployment rates, and market demand.
Global Trade
The exchange of capital, goods, and services across international borders or territories, influencing the economy of a global scale.
- Understand the impacts of economic forces on organizational strategies and operations.
Verified Answer
SC
Sabrina ChavezMay 12, 2024
Final Answer :
B
Explanation :
Canada's decline in competitiveness in the international marketplace is largely due to global trade, including increasing competition from emerging economies and protectionist trade policies in other countries.
Learning Objectives
- Understand the impacts of economic forces on organizational strategies and operations.