In Saudi Arabia, One Source of Competitive Advantage Is _____

question 24

Multiple Choice

In Saudi Arabia, one source of competitive advantage is _____ because it has plentiful supplies of crude oil reserves.

• A) natural resources
• B) technological know-how
• C) abundant labor
• D) business environment

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Definitions:

Subsidiaries

Companies that are owned or controlled by another company, known as a parent company.

Franchises

are business models where the owner (franchisor) grants permission to individuals or entities (franchisees) to operate a business using their trademarks, systems, and processes.

Joint Ventures

Firms establishing joint ownership to pursue new products or markets.

Culture Barriers

Challenges encountered in cross-cultural communication and interaction that hinder mutual understanding and collaboration.