Which of the following is true about the determinants of national competitive advantage?

Question

Quizplus · Accepted Answer

The strength and sophistication of buyer demand play a crucial role in facilitating the development of competitive advantages in particular industries. It emphasizes the importance of tailoring products and services to meet the demands of the local market, which in turn enhances the competitiveness of the industry. A, C, and D are incorrect as the presence of strong competitors, factors of production, and vigorous competitive rivalry among firms are factors that affect national competitive advantage, but their effects may vary depending on the industry and context.

Which of the Following Is True About the Determinants of National