Scenario: Better Mousetrap Inc

question 80

Multiple Choice

Scenario: Better Mousetrap Inc.
Better Mousetrap Inc. is a manufacturing company that sells pest control products. Recently the company launched an innovative mousetrap with a unique design that has been selling well in the U.S. market. Senior Vice President Marc Wallace, even recommended expanding sales overseas in order to increase company revenues.
-National competitive advantage theory states that a nation's competitiveness in an industry depends on ________.

• A) the capacity of companies to create barriers to entry
• B) the capacity of the industry to innovate and upgrade
• C) the availability of government subsidies for industry development
• D) the availability of cheap factors of production in the nation

---

Definitions:

Earth's Orbit

The path that the Earth follows around the Sun, which is elliptical in shape and takes approximately 365.25 days to complete one full cycle.

Year-round

Occurring, effective, employed, staying, or open all year; not restricted to or by particular seasons.

Rock Cycle

A conceptual framework presenting possible paths and processes to which a rock can be subjected as it moves from one place to another and between different depths within Earth.

James Hutton

Often considered the father of modern geology, he theorized that the Earth was shaped by ongoing processes over a vast expanse of time.