In order to compete in the global market, the domestic producers cut down ________.
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Answer: they have to cut down their prices for survival
Explanation:
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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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