Which Theory Is Based on the Notion That Competitive Advantage

question 29

Multiple Choice

Which theory is based on the notion that competitive advantage is dependent on the four interacting aspects of factor endowments,domestic demand,firm strategy,and related and supporting industries? 

• A) Strategic trade theory 
• B) Product life cycle theory 
• C) Comparative advantage theory 
• D) National competitive advantage of industries theory

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Definitions:

Technology

Is the practical application of scientific principles.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness.

White Settler Colonization

This refers to the process whereby European or other settlers migrated to and established control over indigenous populations and territories, often leading to profound social, economic, and political changes.

Canada

A nation distinguished by its commitment to multiculturalism and bilingualism, featuring a landscape ranging from the Rocky Mountains to the cities of Toronto, Montreal, and Vancouver.