To become leaders in the world market,countries need related and supporting industries because
A)collaborative suppliers can generate revenue for further investment.
B)they can eliminate the need to import materials from other countries.
C)most countries still believe strongly in protectionism.
D)clusters of strong suppliers can accelerate innovation.
E)their union lessens financial vulnerability and increases buying power.

Question

Quizplus · Accepted Answer

Clusters of strong suppliers can accelerate innovation by sharing knowledge, expertise, and resources. This creates a competitive advantage for the country and helps it become a leader in the world market. Collaborative suppliers can also generate revenue for further investment, but this is not the only reason why related and supporting industries are important. Eliminating the need to import materials from other countries and lessening financial vulnerability and increasing buying power can be advantages, but they are not specific to the development of related and supporting industries. Most countries do not believe strongly in protectionism anymore, as globalization and free trade have become more prevalent.

To Become Leaders in the World Market,countries Need Related and Supporting