Multiple Choice
Which of the following statements is true in the context of attributes of national competitive advantage?
A) Factor endowments do not encompass aspects such as managerial sophistication.
B) Companies are typically least sensitive to the needs of their closest customers.
C) The benefits of investments in advanced factors of production by related and supporting industries are confined to those industries.
D) Domestic rivalry creates pressures to increase costs and avoid investing in upgrading advanced factors.
E) The nature of home demand shapes the attributes of domestically made products.
Correct Answer:
Verified
Correct Answer:
Verified
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