According to the eclectic paradigm, which of the following is an example of an ownership advantage? Select one: a. Efficiency-related standardisation of production across the global operations b. Tax rates c. Naturally-located raw materials d. Entrepreneurial skills

The eclectic paradigm, also known as the OLI model or OLI framework, is a theory in economics that provides a three-tiered framework for a company to follow when determining if it is beneficial to pursue direct foreign investment (DFI). The three components of the paradigm are Ownership, Location, and Internalization.

Ownership advantages are those unique

The eclectic paradigm, also known as the OLI model or OLI framework (Ownership, Location, Internalization), is a theory in economics that provides a framework for determining the extent and pattern of the value-chain operations that companies can feasibly conduct abroad.

In this context, an ownership advantage is a specific advantage, unique to the firm, that comes from the firm's specific assets, international experience, or the ability to develop and manage globally dispersed knowledge.

Looking at the options:

a. Efficiency-related standardisation of production across the global operations b. Tax rates c. Naturally-located raw materials d. Entrepreneurial skills

The answer would be (a) Efficiency-related standardisation of production across the global operations and (d) Entrepreneurial skills. These are advantages that are unique to the firm and come from the firm's specific assets or abilities.

Option (b) Tax rates is more related to location advantages, and option (c) Naturally-located raw materials could be considered a location advantage as well.