Ask Question
BusinessBusiness
18 April, 10:28

Which theory is based on the notion that competitive advantage is dependent on the four interacting aspects of factor endowments, domestic demand, firm strategy, and related and supporting industries?

+2
Answers (1)
  1. 18 April, 12:44
    0
    The national competitive advantage of industries theory is the one that is based on the notion that competitive advantage is dependent on the four interacting aspects of factor endowments, domestic demand, firm strategy, and related and supporting industries.

    Explanation:

    Some countries bear a competitive advantage over other countries in producing certain commodities owing to the availability of resources in abundance that are required to produce the given commodity within the domestic boundaries. This advantage allows certain countries to fetch a greater profit than other competitor countries from trading in the same commodity as the initial cost of producing the commodity is low in some countries and high in some other.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which theory is based on the notion that competitive advantage is dependent on the four interacting aspects of factor endowments, domestic ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Sweet Treats common stock is currently priced at $36.72 a share. The company just paid $2.18 per share as its annual dividend. The dividends have been increasing by 2.2 percent annually and are expected to continue doing the same.
Answers (1)
June 1 Beginning inventory 20 units at $19 $ 380 June 7 Purchases 70 units at $20 1,400 June 22 Purchases 10 units at $23 230 $2,010 A physical count of merchandise inventory on June 30 reveals that there are 30 units on hand.
Answers (1)
At a sales volume of 38,500 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $442,750.
Answers (1)
If the nominal exchange rate (expressed as foreign currency per unit of the domestic currency) rises 5%, domestic inflation is 2%, and foreign inflation is 3%, what is the approximate percent change in the real exchange rate?
Answers (1)
Bufford Corporation had reported the following amounts at December 31, 2022: sales revenue $184,000, ending inventory $11,600, beginning inventory $17,200, purchases $60,400, purchase discounts $3,000, purchase returns and allowances $1,100,
Answers (1)
New Questions in Business
You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs. O True O False
Answers (1)
K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Finished goods $ 46,000 $ 50,000 Additional information: Direct materials $ 57,000 Direct labor cost $ 87,000 Manufacturing
Answers (1)
Marcy Tucker received the following items this year. Determine to what extent each item is included in her AGI. (Leave no cells blank - be sure to enter "0" wherever required.) A $25,000 cash gift from her parents.
Answers (1)
Analysis of daily output of a factory during a 8-hour shift shows that the hourly number of units y produced after t hours of production is
Answers (1)
In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent.
Answers (1)
Home » Business » Which theory is based on the notion that competitive advantage is dependent on the four interacting aspects of factor endowments, domestic demand, firm strategy, and related and supporting industries?
Sign Up Forgot Password?