In China's Steel Industry, Their Main Source of Competitive Advantage

question 40

Short Answer

In China's steel industry, their main source of competitive advantage is due not to cheap labor, but rather massive government energy ____________________.

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Definitions:

Carrier's Decisions

The choices made by transportation companies regarding route selection, pricing, service levels, and capacity management.

Market

An economic place or environment where buyers and sellers come together to exchange goods, services, or information.

Responsiveness

The ability of a company or system to quickly react to changes in demand, customer needs, or market conditions.

Vehicle-Related Cost

Expenses associated with owning and operating a vehicle, including fuel, maintenance, insurance, and depreciation.