A country will have significant impact on the competitive advantage of an industry depending on the

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Quizplus · Accepted Answer

All of the above choices have a significant impact on the competitive advantage of an industry. The elements of production in a country such as natural resources, labor, and capital affect the cost and availability of inputs. The nature of domestic demand helps determine the size and characteristics of the market, which affects economies of scale and the type of products that will sell well. The presence of appropriate supplier or related industries can provide access to specialized suppliers, technology, knowledge, and infrastructure, thereby enabling firms to improve their products and processes.

A Country Will Have Significant Impact on the Competitive Advantage