Swedish strength in fabricated steel products (such as ball bearings and cutting tools) has drawn on strengths in Sweden's specialty steel industry. This is an example of which of the following attributes that impact national competitive advantage?
A) Local demand conditions
B) Competitiveness of related and supporting industries
C) Intensity of rivalry in an industry
D) Factor endowments
E) Differences in distribution channels

Question

Quizplus · Accepted Answer

The strength of Sweden's fabricated steel products industry is drawing on the competitiveness of its related and supporting industries, specifically the specialty steel industry. This highlights how the strengths of one industry can impact the success of another, and how the competitiveness of related industries can contribute to national competitive advantage.

Swedish Strength in Fabricated Steel Products (Such as Ball Bearings