Which of the Following Is a Component of Emerson's Exchange

question 66

Multiple Choice

Which of the following is a component of Emerson's exchange network?

• A) There is a set of individual, independent actors.
• B) Valued resources are control entirely by those with power.
• C) Only those people with power are given opportunity to exchange resources.
• D) Exchange relations are connected to one another in a single network structure.

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Definitions:

Porter's Diamond Model

A framework for analyzing the competitive advantage nations or regions possess due to four key factors: factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.

Competitive Potential

Refers to the capacity of a company or industry to compete effectively in the market and expand its market share.

Industries

Broad categories that encompass various companies and organizations involved in the production of goods and services in specific areas of the economy.

Infant Industry Theory

A theory which states that certain emerging industries need to be protected and nurtured for a period of time or they will be unable to compete against established foreign firms.