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.
4.1.9 International competitiveness Flashcards
Flashcards for Edexcel A A Level Economics 4.1.9 International competitiveness, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 20 cards, matched to the Edexcel A A Level Economics (9EC0) specification.