A nation's competitiveness depends on the capacity of its industry to ____ and thereby maintain its competitive advantage.
A) diversify internationally
B) have access to critical resources
C) protect its proprietary capabilities
D) innovate

Question

Quizplus · Accepted Answer

Innovation allows industry to continuously improve products, processes, and services, which helps maintain a competitive advantage. A nation's industry needs to constantly innovate to stay ahead of the competition, which results in increased productivity, improved quality, and the ability to introduce new products and services to the market. By continuously innovating, a nation's industry can also diversify and access critical resources, while protecting its proprietary capabilities.

A Nation's Competitiveness Depends on the Capacity of Its Industry