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Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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![The valuable international business concept
which shifts our attention “from recognizing the
differences in competitive advantage to
answering, which firms from which nations gain
advantage in the industry", does not include the
following among its key determinants:
Factor conditions
O Related and supporting industries
Portfolio investment
O Demand conditions](https://content.bartleby.com/qna-images/question/a72c6a10-3189-4b0f-9a9d-2fa0dcc12669/eae85da7-1d41-4720-8e0e-004c52af6b68/2mx7nmm_thumbnail.jpeg)
Transcribed Image Text:The valuable international business concept
which shifts our attention “from recognizing the
differences in competitive advantage to
answering, which firms from which nations gain
advantage in the industry", does not include the
following among its key determinants:
Factor conditions
O Related and supporting industries
Portfolio investment
O Demand conditions
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- This is defined as the development of an integrated global economy and characterized by free trade, capital flows, communications, and cheaper foreign labor markets, the processes of globalization underlie the forces in the general international economic environment. O the global market. O worldism O globalization O the global networkarrow_forwardEnergy, fruit, and water are widely cited as vital tools for economic growth. Describe the significance of each to economic growth. What differences exist between countries in terms of these three resources? How will these issues be resolved?arrow_forward3 Describe the entry modes that a firm with core competency in technological know-how can choose?arrow_forward
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