Question

Swedish strength in fabricated steel products (such as ball bearings and cutting tools) has drawn on strengths in Sweden’s specialty steel industry. This is an example of which of the following attributes that impact national competitive advantage?

a. Local demand conditions
b. Competitiveness of related and supporting industries
c. Intensity of rivalry in an industry
d. Factor endowmentse.

Answer 1

Answer: Competitiveness of related and supporting industries

Explanation: Swedish strength in the fabricated steel is an example of healthy competition. This has led the specialty steel industry to produce quality products.