In Terms of Factor Proportions Theory, What Abundant Factors Do Hyundai Leverage in Its Worldwide Operations?

2. In terms of Factor Proportions Theory, what abundant factors do Hyundai leverage in its worldwide operations?

Abundant factors Hyundai leverage in its worldwide operations is cost-effective knowledgeable workers, high technology, and capital represent key location-specific advantages.

1. What are the roles of comparative and competitive advantages in Hyundai’s success?

Hyundai takes on many roles of comparative and competitive advantages, which is significant to their success. Some of their comparative advantages are that they have favorable international exchange rates and that plays a major part in Hyundai’s achievements. The Korean government cooperates closely with the business sector and there is also high savings rate, with massive inward FDI. Consumers are demanding, so Hyundai is forced to produce high-quality automobiles. Lastly, Korea has cost-effective knowledge workers who drive innovations. As for competitive advantages there is a number of them with Hyundai. They show customer loyalty and satisfaction, a recent marketing innovation with the “Assurance Program, and a major advantage is having diversity. To remain competitive, them employ inexpensive, high quality labor, and they have a superior cost advantage in the possession of high quality inputs.

2. In terms of Factor Proportions Theory, what abundant factors do Hyundai leverage in its worldwide operations?

Abundant factors Hyundai leverage in its worldwide operations is cost-effective knowledgeable workers, high technology, and capital represent key location-specific advantages.

1. What are the roles of comparative and competitive advantages in Hyundai’s success?

Hyundai takes on many roles of comparative and competitive advantages, which is significant to their success. Some of