Comparative advantages are
A)Cost or quality advantages particular to a nation.
B)Similar to competitive advantages.
C)Emphasized through multidomestic strategies.
D)None of the above

Question

Quizplus · Accepted Answer

Comparative advantages refer to the advantages that a country or region has in producing a particular product or service, in terms of cost or quality. These advantages are often based on natural resources, labor costs, technology, or other unique factors that make it more efficient or effective for a particular country to produce a certain good or service. This concept is often used in international trade, where countries specialize in producing goods where they have a comparative advantage, and then trade with other countries to maximize overall efficiency and output.

Comparative Advantages Are