Advantages That Arise from Using Resource Endowments or Assets That

question 37

Multiple Choice

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

• A)location-specific advantages.
• B)resource-specific advantages.
• C)competitive advantages.
• D)directional advantages.

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Definitions:

Hong Kong

A Special Administrative Region of China known for its vibrant economic and business center, located on the south coast of China.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for hedging or speculating.

Obligation

A legal or moral duty to complete certain actions or to make payments to others.

Specified Price

Specified Price is the predefined price at which an investor agrees to buy or sell a security or commodity in a futures contract.