Of the four attributes of a national or country-specific environment that have an important impact on the global competitiveness of companies located within that nation, which describes the related and supporting industries?
a. A nation's position in factors of production, such as skilled labor or the infrastructure necessary to compete in a given industry
b. The nature of home demand for the industry's product or service
c. The conditions in the nation governing how companies are created, organized, and managed, and the nature of domestic rivalry
d. The presence or absence in a nation of supplier industries and related industries that are internationally competitive

Question

06-04-2020
Business

contestada

Of the four attributes of a national or country-specific environment that have an important impact on the global competitiveness of companies located within that nation, which describes the related and supporting industries?
a. A nation's position in factors of production, such as skilled labor or the infrastructure necessary to compete in a given industry
b. The nature of home demand for the industry's product or service
c. The conditions in the nation governing how companies are created, organized, and managed, and the nature of domestic rivalry
d. The presence or absence in a nation of supplier industries and related industries that are internationally competitive

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Answer:

d. The presence or absence in a nation of supplier industries and related industries that are internationally competitive

Explanation:

Related and supporting industries can be described as upstream and downstream industries which bring about innovation via exchanging ideas.

In an economy, upstream industries are reliable supplier of inputs to a company, while downstream industries assist a company in marketing and distributing its products.

The absence or presence of the related and supporting industries usually have effect on the success of a company in a country.