Which term best describes a firm that produces globally competitive products?

A firm that produces globally competitive products is best described as a global firm. This term signifies an organization that operates on an international scale, engaging in various markets worldwide and positioning its products to compete with others across different countries.

Global firms adapt their products and marketing strategies to meet local consumer preferences while leveraging economies of scale and global strategies. This allows them to innovate, reduce costs, and maintain competitiveness in diverse international markets. The focus on global competitiveness implies that the firm not only produces products that appeal to a local audience but also effectively meets the standards and preferences of consumers in multiple countries.

Other terms such as "domestic firm" pertain to operations confined within a single country's borders, which would not align with the context of global competition. "One-shot culture" and "process culture" refer to specific organizational behaviors and practices that do not encompass the broader market reach and competitive nature of a global firm. Thus, identifying a firm as a global firm accurately reflects its capabilities and market approach in producing globally competitive products.