Title: List factors that affect international business competition.
Course: Opportunities in Global Trade (12056-I) > Section: Understanding Marketing Concepts and Strategies

Factors may include

- competitive advantage
- degree of competition among businesses
- the number of companies
- product differences
- business costs
- barriers to entry (e.g., costs of doing business, capital investment).

Process/Skill Questions:

- What are common barriers to entry for new competitors in an industry?
- What role does competitive advantage play in international business competition?
- How does the cost of doing business affect competition?
- How do companies create competition with product difference?
- When is there a high degree of competition?
- When is competition limited?
- What are the possible barriers to entry into the global marketplace?
- How might a company overcome various barriers to entering the global marketplace?