Which of the following terms describes a nation's position with regard to the elements (e.g.human resources,infrastructure)of production that are necessary to compete in a particular industry?
A)Factor conditions
B)Demand conditions
C)Supply conditions
D)Related supplier or support industries
E)Strategy,structure,and rivalry

Question

Quizplus · Accepted Answer

Factor conditions refer to a nation's pool of resources including human resources, capital resources, natural resources, and infrastructure, which serve as the inputs necessary for a firm to compete in a specific industry. A nation's factor conditions impact their ability to create and maintain a competitive advantage in that industry.

Which of the Following Terms Describes a Nation's Position with Regard