Question

All of the following are correct about what managers should know about firms based in a country with a national competitive advantage EXCEPT: a. the determinants of national competitive advantage provide a foundation for a firm's competitive advantages. b. success is not guaranteed as the firm implements its chosen international business-level strategy. c. success is guaranteed as the firm implements its chosen international business-level strategy. d. the actual strategic choices made are most compelling reasons for success or failure.

Answer 1

Answer: c. Success is guaranteed as the firm implements its chosen international business-level strategy.

Explanation:

Firms that have a hold on national competitive advantage have to consider that which favours the market they operate in within where they are based in carrying out their decision or policies considering their business. It would be unprofitable when the firm chooses it's policies for success based an international business level strategy as this may seems to fail. Strategies that should be considered are those that focuses on what impact it would play in the market of the nation.

Answer 2

Answer:

C) success is guaranteed as the firm implements its chosen international business-level strategy.

Explanation:

In business, nothing guarantees success. Not even huge companies launching great products can guarantee that they will be successful, e.g. Microsoft launched a tablet (Surface) many years before Apple launched the iPad. Apple was successful, but Microsoft wasn't, and not because they lack the resources or a competitive position. China has a competitive advantage in manufacturing due to its cheap and abundant labor, and relatively easy access to productive technologies, but not every manufacturing firm in China is a success.

National competitive advantages make things "easier" but don't guarantee anything, managers must understand that if they or the employees do not work hard, do things correctly and make the right decisions, the risk of failure is always there.