Advantages That Arise from Using Resource Endowments or Assets That

question 43

Multiple Choice

Advantages that arise from using resource endowments or assets that are tied to a particular place and that a firm finds valuable to combine with its own unique assets are known as

• A) location-specific advantages.
• B) capital-specific advantages.
• C) absolute advantages.
• D) production factor advantages.

---

Definitions:

Physiological Requirements

Basic physical needs of the human body that must be met to maintain health, such as food, water, and sleep.

Persuasive Message

A communication intended to influence the attitudes, beliefs, or actions of the recipient.

Positive Response

An affirmative or favorable reply to a question, request, or proposal.

Polite Language

The use of courteous and respectful language in communication.