Which Theory Is Based on the Notion That Competitive Advantage

question 63

Multiple Choice

Which theory is based on the notion that competitive advantage is dependant 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:

Fight or Flee

A physiological response to perceived harmful events, attacks, or threats to survival, also known as the fight-or-flight response.

Physiological Basis

The underlying physical and biological mechanisms that enable bodily functions and behaviors.

Voluntary Reactions

Responses or actions that are consciously controlled and decided upon by an individual, as opposed to automatic or reflexive responses.

Facial Muscles

Groups of skeletal muscles that control expressions by moving the skin of the face.