According to Porter's "National Diamond" Analysis,the Competitive Advantage of Swiss

question 44

Multiple Choice

According to Porter's "national diamond" analysis,the competitive advantage of Swiss firms in watches,German firms in luxury cars,and Japanese firms in cameras is a result of:

• A)The availability of highly skilled workers in each of these countries
• B)The lack of natural resources in each of these countries
• C)The characteristics of local demand in each of these countries
• D)High levels of domestic competition

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Definitions:

Goods Available

The total quantity of goods on hand at any time, including both inventory that is ready for sale and materials that will be used to produce goods.

Cost Of Goods

The total expense associated with producing goods, including raw materials and labor costs.

Beginning Inventory

The value of all inventory held by a business at the start of an accounting period.

Periodic Inventory System

An inventory accounting system where the inventory is physically counted at specific intervals to determine the cost of goods sold and ending inventory value.