Question

How can we compete in the international market in manufacturing?

Answer 1

Explanation:

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Answer 2

We can compete in the international market of manufacturing in the following way -

• Efficient production : The efficient production in terms of both quality and quantity is the first necessary thing to compete in the international trading market.

• Honest pricing : We have to apply honest pricing for the produced goods to effectively compete in the competitive international trading market.

• Good marketing strategy : Only good production and honest pricing is not enough to conquer this competitive international market. An excellent marketing strategy and future planning are also necessary.

• Government support : Government support in the manufacturing process is also beneficial to establish a successful position in the international market.