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Which of the following factors pertaining to national competitive advantage enabled Nokia, a multinational company from Finland, to become an early leader in cell phones?
Compensation
Payment or benefits provided in exchange for services rendered or as reimbursement for expenses, often related to employment or services provided.
Cost of Capital
The rate of return a company must earn on its investments to maintain its market value and attract funds.
Inventory Turnover Ratio
A financial metric that shows how many times a company has sold and replaced its inventory over a specific period, indicating the efficiency in managing stock.
Income Statement
A financial statement that shows a company's revenue, expenses, and profit over a specific period.
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