National competitive advantage derives from four conditions.One of those conditions includes factor conditions.What do factor conditions include?
A) customers, suppliers, and labor
B) product quality, productivity, and profits
C) labor, capital, entrepreneurs, physical resources, and information resources
D) strategies, structures, and rivalries

Question

Quizplus · Accepted Answer

Factor conditions refer to the inputs or factors of production that a country has available, including labor, capital, entrepreneurs, physical resources, and information resources. These factors can vary in quality and abundance from country to country, and can thereby influence a country's competitive advantage in certain industries. Options A, B, and D do not fully encompass all the necessary factor conditions for creating a national competitive advantage.

National Competitive Advantage Derives from Four Conditions