To establish a competitive advantage in a global industry, a firm must:
A)Possess many strong connections among local politicians
B)Possess a large network in the corporate world
C)Achieve congruence between its strategy and the country comparative advantage
D)Be confident in its strengths

Question

Quizplus · Accepted Answer

Achieving congruence between a firm's strategy and the country's comparative advantage can give the firm a competitive advantage in the global industry. This means the firm must understand the strengths and advantages of the country in which it operates and tailor its strategy accordingly. Possessing political connections or a large network in the corporate world may be helpful, but they are not necessary for establishing a competitive advantage. Being confident in their strengths is also important but does not necessarily guarantee a competitive advantage.

To Establish a Competitive Advantage in a Global Industry, a Firm