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Why can a country win markets without charging the lowest price?
A
It can maintain higher production costs, such as wages, rents or interest.
B
It can offer non-price advantages, such as quality, design or reliability.
C
It can create excess market supply, such as surpluses, stocks or inventories.
D
It can impose higher import tariffs, such as taxes, quotas or embargoes.
Card 1 of 20
4.1.9 International competitiveness Flashcards
20 flashcards on Edexcel A A Level Economics 4.1.9 International competitiveness: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.