National competitive advantage derives from four conditions,one of which is factor conditions.What do factor conditions include?
A) Customers, suppliers, and labor
B) Government quotas and subsidies
C) Product quality, productivity, and profits
D) Labor, capital, entrepreneurs, and physical resources
E) Strategies, structures, and rivalries

Question

Quizplus · Accepted Answer

Factor conditions refer to the availability, quality, and cost of the resources required for production. These include labor, capital, entrepreneurs, and physical resources such as land and natural resources.

National Competitive Advantage Derives from Four Conditions,one of Which Is