In Order to Achieve a Competitive Advantage in Certain Countries

Multiple Choice

In order to achieve a competitive advantage in certain countries and certain industries using factor endowments, a company needs to have which of the following?

A) Only basic factors of production such as land, labor, and capital
B) Only advanced factors of production such as technological know-how and managerial sophistication
C) A combination of basic and advanced factors of production
D) Demand for the industry's product or service
E) Factor endowments are not a prime determinant of the competitive advantage