In Porter's Diamond Model, Factor Endowments Refer To

question 47

Multiple Choice

In Porter's diamond model, factor endowments refer to:

• A)​Domestic economy demand for products and services.
• B)​Related and supporting industries.
• C) ​Firm strategy and structure.
• D) ​Inputs such as land, water, and people.

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Definitions:

Rites And Rituals

Formal and symbolic activities practiced within an organization or culture that signify important occasions or reinforce communal bonds.

Observable Culture

The visible elements of culture such as behavior, language, symbols, rituals, and practices that can be witnessed in a group or organization.

Core Culture

The fundamental beliefs, values, and practices that are shared among members of an organization, shaping its identity and operations.

Power Culture

A type of organizational culture characterized by centralization of power in a few individuals and minimal procedural constraints on these individuals' decision-making capabilities.