National and Regional Geographic Location Has an Impact on Competitive

question 144

Multiple Choice

National and regional geographic location has an impact on competitive advantage because of its implications for all of the following except ________.

• A) output costs
• B) input costs
• C) competitors
• D) demand conditions

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Definitions:

Resource Inputs

The materials, labor, and capital that are utilized in the production process of goods or services.

Organizational Outputs

The results, products, or services that are produced by an organization in fulfilment of its goals and objectives.

Technology

Utilizing scientific understanding for real-world applications, particularly within the industrial sector.

Competitive Advantage

An attribute or set of attributes that allows an organization to outperform its competitors, including cost structure, product offerings, market positioning, and customer service.