Economy, asked by lithounkuppusamy, 9 months ago

In order to compete in the global market, the domestic producers cut down ________.

Answers

Answered by viditu356
0

Answer: they have to cut down their prices for survival

Explanation:

Answered by bratislava
0

In order to compete in the global market, the domestic producers cut down (costs)Tariff.

Explanation:

  • Due to the pressure from the international companies that have a mature economy, the domestic plays are left out.
  • Thus need to innovate in order to compete hence, they then to lower down their costs and need to define marketing strategies.
  • They need to provide superior technology, have good quality, and make a good brand image.
  • Thus the local companies need to provide good quality stuff at lower prices so as to compete.
  • They can use niche marketing, develop alliances, and become partners.

Learn more about the In order to compete in the global market, the domestic producers cut down.

  • brainly.in/question/18129180 answered by viditu356.
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