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:

Series Components

Electrical components connected in a circuit in such a manner that there is only one path for current flow, causing the current through each component to be the same.

Parallel Components

Elements in an electrical circuit are said to be in parallel if they are connected across the same two points in the circuit, allowing electric current to split and flow through multiple paths.

Current Flow

The flow of electric charge carriers like electrons, through a conductor or electrical circuit.

Applied Voltage

The voltage that is supplied or exerted across a component or circuit.