What determines the success and failure of a firm s exports around the globe?
A) Discovering and leveraging the comparative advantage of world-class locations.
B) Monitoring and nurturing the current comparative advantage of certain locations combined with taking advantage of new locations.
C) Being politically active to demonstrate, safeguard, and advance the gains from international trade.
D) All of these answers.

Question

Quizplus · Accepted Answer

All of these factors play a significant role in determining the success and failure of a firm's exports around the world. Discovering and leveraging the comparative advantage of world-class locations is essential for establishing a competitive position in the global market. Monitoring and nurturing the current comparative advantage of certain locations while taking advantage of new locations can help sustain the success of exports. Being politically active to demonstrate, safeguard, and advance the gains from international trade is also crucial to navigate trade policies and regulations, as well as to ensure fair competition. The success and failure of a firm's exports around the globe depend on discovering and leveraging the comparative advantage of world-class locations, monitoring and nurturing the current comparative advantage of certain locations combined with taking advantage of new locations, and being politically active to demonstrate, safeguard, and advance the gains from international trade. Therefore, all of the answers are correct.

What Determines the Success and Failure of a Firm S