What does the term "intrapreneurship" refer to? 

a. Starting a new business venture

b. Developing new products within an existing business

c. Initiating trade between two countries

d. Establishing a corporate social responsibility program

 

Which theory explains that a nation's competitiveness in an industry depends on factors like local market resources, demand conditions, suppliers, and firm characteristics?

a. Comparative advantage theory

b. Factor proportions theory

c. Local market demand theory

d. Porter's National Competitive Advantage Theory