Factors of Production in Porter's Model of International Competitive Advantage

question 43

Multiple Choice

Factors of production in Porter's model of international competitive advantage include all of the following EXCEPT:

• A) labor.
• B) capital.
• C) infrastructure.
• D) technology.

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Definitions:

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries.

Acquisition Method

An accounting technique used to record the financials of a company that has been purchased by another company.

Goodwill

Goodwill is an intangible asset that arises when a business is acquired for more than its fair value, attributed to non-physical assets like reputation or brand name.

Acquisition-Date Fair Value

The measurement of an asset's or liability's market value at the exact day a business combination is executed.