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Who is Germany’s principle competition for the services and products offered? Where are Germany’s businesses located around the world? (note that tourism is quite competitive)
Expert Answer
Germans are leaders in precision instruments, medical devices, automobiles, and other hi end engenieered products. In different categories, they have different type of competitors. FO example, in case of passenger cars, the competion is at one end from Koreans and Japanese and on the other end with US and UK.
For other categories like precision instruments and medical devises, they have competion from Europe ( medical equipment) as well as Japam ( precision instuments)
German owned businesses are all across the globe. However, a sizebale chunck is in North America and Europe. Car Manufaturing is also in Asia other than Europe and North America.
