Question 1
US is number 1 and 2 in the world in terms of exports of services and goods
respectively. Using the VRIO model in resource-based view, elaborate the
competitive advantages of US goods or services that makes them Valuable, Rare,
Imitable, organisationally embedded. Use evidence from the above article or
examples from known products/services to support your answers. State ONE(1)
example each for V.R,I and O respectively to support your answers.
Question 2
From an institution-based view, elaborate on the factors in both formal and informal
institutions that helps US to be a top exporter. Use evidence from the above article to
support your answers. For evidence not found above, you may provide specific
examples based on known products/services or state your assumptions. State ONE(1)
example each for formal and informal institutions respectively to support your
answers.