The statement "Many organizations use cross-border transactions for varied reasons because of the emerging competitive scenario" is True.

### Explanation
Cross-border transactions are increasingly utilized by organizations due to several factors stemming from globalization and competitive market dynamics. These transactions allow companies to access new markets, gain a competitive edge, diversify their investment portfolios, and optimize their supply chains.

1. **Access to New Markets**: Organizations can expand their customer base beyond domestic borders, revealing new revenue opportunities.
2. **Cost Efficiency**: By sourcing goods and services from countries with lower production costs, firms can enhance their profitability.
3. **Risk Management**: Diversification through cross-border transactions helps distribute risk, reducing the impact of economic fluctuations in any single market.
4. **Innovation and Technology**: Companies can leverage overseas partnerships for technological advancements and innovative practices.

Thus, cross-border transactions are indeed a strategic choice for organizations in a competitive landscape.

Question

The statement "Many organizations use cross-border transactions for varied reasons because of the emerging competitive scenario" is True.

### Explanation
Cross-border transactions are increasingly utilized by organizations due to several factors stemming from globalization and competitive market dynamics. These transactions allow companies to access new markets, gain a competitive edge, diversify their investment portfolios, and optimize their supply chains.

1. **Access to New Markets**: Organizations can expand their customer base beyond domestic borders, revealing new revenue opportunities.
2. **Cost Efficiency**: By sourcing goods and services from countries with lower production costs, firms can enhance their profitability.
3. **Risk Management**: Diversification through cross-border transactions helps distribute risk, reducing the impact of economic fluctuations in any single market.
4. **Innovation and Technology**: Companies can leverage overseas partnerships for technological advancements and innovative practices.

Thus, cross-border transactions are indeed a strategic choice for organizations in a competitive landscape.

Knowee AI · Accepted Answer

The statement "Many organizations use cross-border transactions for varied reasons because of the emerging competitive scenario" is True.

### Explanation
Cross-border transactions are increasingly utilized by organizations due to several factors stemming from globalization and competitive market dynamics. These transactions allow companies to access new markets, gain a competitive edge, diversify their investment portfolios, and optimize their supply chains.

1. **Access to New Markets**: Organizations can expand their customer base beyond domestic borders, revealing new revenue opportunities.
2. **Cost Efficiency**: By sourcing goods and services from countries with lower production costs, firms can enhance their profitability.
3. **Risk Management**: Diversification through cross-border transactions helps distribute risk, reducing the impact of economic fluctuations in any single market.
4. **Innovation and Technology**: Companies can leverage overseas partnerships for technological advancements and innovative practices.

Thus, cross-border transactions are indeed a strategic choice for organizations in a competitive landscape.

Many organizations use cross border transactions for varied reasons because of the emerging competitive scenario.Select one:TrueFalse

Question

Many organizations use cross border transactions for varied reasons because of the emerging competitive scenario.

Solution

Explanation

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