Factor conditions are strategic contributions focusing on:
A) The supply of trained workers, physical infrastructure, and natural resources.
B) Policies that create a more productive environment for competition.
C) The demand for a product or service.
D) All of the above.

Question

Quizplus · Accepted Answer

Factor conditions refer to the factors of production that are necessary for a successful business operation. These include the supply of trained workers, physical infrastructure, and natural resources. Choice B refers to a different strategic contribution, where policies are put in place to create a more productive environment for competition. Choice C refers to demand conditions, which are another strategic contribution. Therefore, the best choice here is A, as it correctly identifies the focus of factor conditions.

Factor Conditions Are Strategic Contributions Focusing On