National Competitive Advantage Derives from Four Conditions

question 135

Multiple Choice

National competitive advantage derives from four conditions.One of those conditions includes factor conditions.What do factor conditions include?

• A) customers, suppliers, and labor
• B) product quality, productivity, and profits
• C) labor, capital, entrepreneurs, physical resources, and information resources
• D) strategies, structures, and rivalries

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Definitions:

Psychosexual Development

Freud's theory that childhood development occurs in a series of stages, each characterized by different pleasures and challenges.

Phenomenology

A philosophical approach that focuses on the direct examination and description of phenomena as consciously experienced, without theories about their causal explanation.

Basic Needs

Fundamental requirements that serve as the foundation for survival, including physiological needs such as food, water, shelter, and safety.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.