The L in OLI refers to an advantage in a firm's home market that is a:

Question

Quizplus · Accepted Answer

The L in OLI stands for Location-specific advantage, which refers to advantages that arise from a firm's particular location or the characteristics of the market in which it operates. Therefore, option B is the best choice. Option A, liability in the domestic market, is incorrect because an advantage cannot also be a liability. Option C, longevity in a particular market, is incorrect because it does not capture the essence of what a location-specific advantage means. Finally, option D, none of the above, is incorrect because Location-specific advantage is indeed one of the three elements that make up the OLI framework.

The L in OLI Refers to an Advantage in a Firm's