Which of the Following Is True of Factor Endowments According

question 73

Multiple Choice

Which of the following is true of factor endowments according to Porter?

• A)Basic factors,unlike advanced factors,are the most significant for competitive advantage.
• B)Basic factors can be upgraded by nations,while advanced factors are endowed by nature.
• C)The initial advantage provided by advanced factors is extended by investment in basic factors.
• D)Disadvantages in basic factors can create pressures to invest in advanced factors.
• E)Advanced factors include climate,location,and demographics.

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Definitions:

QBO

Stands for QuickBooks Online, a cloud-based accounting software designed for small and medium-sized businesses.

Credit Card

A payment card issued by banks that allows users to borrow funds to pay for goods and services, with the promise to pay back the borrowed amount plus interest.

QBO

An abbreviation for QuickBooks Online, a cloud-based accounting software designed for small to medium-sized businesses to manage sales, expenses, and account tracking.

Internal Controls

Processes and procedures implemented by a business to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.