The national competitive advantage of industries depends on:
A) Country factor endowments and firm strategy, structure, and rivalry
B) Domestic demand conditions
C) Related and supporting industries
D) All of these answers

Question

Quizplus · Accepted Answer

The national competitive advantage of industries depends on all of these factors – country factor endowments, firm strategy, structure, and rivalry, domestic demand conditions, and related and supporting industries. Country factor endowments refer to the country's natural resources, labor force skills, and infrastructure. Firm strategy, structure, and rivalry refer to the way firms compete within their industries. Domestic demand conditions refer to the size and nature of the market for a product or service within a country. Related and supporting industries refer to industries that contribute to the creation or distribution of a product or service, such as suppliers or logistics providers. All of these factors play a critical role in determining the competitiveness of an industry within a particular country. The national competitive advantage of industries depends on country factor endowments and firm strategy, structure, and rivalry, domestic demand conditions, and related and supporting industries. All of these factors play a significant role in determining the competitiveness of industries in a country. Country factor endowments and firm strategy, structure, and rivalry shape the way industries operate and compete, domestic demand conditions provide markets for industries to grow and develop, and related and supporting industries provide complementary products and services that are crucial to the success of industries. Therefore, all of these factors are vital in determining the national competitive advantage of industries.

The National Competitive Advantage of Industries Depends On