Which of the Following Best Describes the Essential Task of Porter's

question 44

Multiple Choice

Which of the following best describes the essential task of Porter's 1990 study of national competitive advantage?

• A)How do nations leverage their resources efficiently to gain absolute advantage?
• B)Why does a nation achieve international success in a particular industry?
• C)How do countries gain first-mover advantages?
• D)What are the international trade patterns in evidence in the modern world?

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Definitions:

World Price

The international market price at which goods and services are traded between countries.

Domestic Price

The price of goods or services within a particular country, influenced by domestic supply and demand, taxation, and other economic factors.

Exports

Products or services that are manufactured in one nation and purchased by consumers in a different country.

Imports

Items or services that come from foreign countries for the purpose of being sold domestically.