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Author Question: China has been viewed as a low-cost provider. Name three factors that contribute to China's ... (Read 55 times)

Jkov05

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China has been viewed as a low-cost provider. Name three factors that contribute to China's competitive advantage.

Question 2

How can economic productivity be increased?



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amcvicar

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Answer to Question 1

China's competitive advantage comes from (1 ) economies of scale, (2 ) the use of manufacturing technology, and (3 ) low-cost labor.

Answer to Question 2

Research and development and technology are keys to increasing productivity. Another strategy is maintaining strict control over costs.




Jkov05

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


kthug

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Reply 3 on: Yesterday
Excellent

 

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