1. Due to the nature of the continuously changing and evolving information techn

Question

1. Due to the nature of the continuously changing and evolving information technology services industry and the concerns regarding sustaining a long-term competitive advantage, what is the best way to describe this competitive environment? A) Hypercompetitive industry B) Market dominant industry C) Transformational industry D) Comparative industry E) Low competitive industry 2. The comparative advantage of highly skilled and low-cost workers in India would best represent which of the following conditions? A) The factor condition of infrastructure resources B) The factor condition of human resources C) The factor condition of capital resources D) The demand condition of size and pattern of home demand growth E) The demand condition of composition of home demand

Explanation / Answer

(1)

It is the feature of hyper-competition. In this case, the firms will face challenges in sustaining their competitive advantage on a long-term basis and will need to develop a dynamic capability to sustain. Therefore, the correct option seems Option A.

(2)

Since we are talking about low-cost and highly skilled workers, it is about human resources or human capital. So, option B seems correct.

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