National Competitive Advantage Can Contribute to the Competitive Advantage of an Individual

question 55

Multiple Choice

National competitive advantage can contribute to the competitive advantage of an individual firm in an overseas market. One of the four determinants of national competitive advantage is demand conditions, which relates to the:

• A) level of demand for the product in the overseas market.
• B) availability of internationally competitive suppliers in the foreign market.
• C) level of demand for the product in the domestic market.
• D) home country's position in the factors of production.
• E) availability of infrastructure and skilled labour in the home country.

---

Definitions:

Measure Outcomes

The process of evaluating the results or effects of actions, treatments, or interventions.

Six Sigma

A set of techniques and tools for process improvement aiming at reducing variability and defects.

Balanced Scorecard

A strategic planning and management tool that uses various performance metrics to evaluate an organization’s progress towards achieving its objectives.

Plan-Do-Study-Act

A four-step, iterative method used for quality improvement in processes, involving planning, implementation, evaluation, and refinement.