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Author Question: China has been viewed as a low-cost provider. Name three factors that contribute to China's ... (Read 67 times)

Jkov05

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
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
Great answer, keep it coming :)

kilada

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Reply 3 on: Yesterday
Excellent

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