The Theory of National Competitive Advantage Derives from All of the Following

question 143

Multiple Choice

The theory of national competitive advantage derives from all of the following conditions except

• A) demand conditions.
• B) supply conditions.
• C) strategies, structures, and rivalries.
• D) related and supporting industries.
• E) factor conditions.

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Definitions:

Allocation

The process of assigning resources or goods to various uses or individuals in an economy.

Demand For Product

The desire or need for a product combined with the capacity and willingness to pay for it, which can influence its market price.

Costs Of Production

The aggregate cost of producing a product or delivering a service, encompassing the price of raw materials, workforce, and indirect expenses.

Industry

A group of firms producing similar products or services that serve the same market.