All of the Following Were Traditional Sources of Competitive Advantage

question 21

Multiple Choice

All of the following were traditional sources of competitive advantage EXCEPT:

• A) labor costs.
• B) access to financial resources.
• C) protected markets.
• D) a highly educated labor market.

---

Definitions:

Overseas Jobs

Employment positions located outside one’s home country, often in a different cultural or economic environment, presenting opportunities for work and travel.

Tax Avoidance

The legal usage of the tax regime to one's own advantage, to reduce the amount of tax that is payable.

Behavioral Economics

An area of economic research that incorporates psychological insights into human behavior to explain economic decision-making.

Rational Economics

An approach to economics that assumes individuals make decisions based on logical evaluation of available information, aiming for maximum utility.