Michael Porter Has Identified Four Key Elements in a Nation's

question 117

Multiple Choice

Michael Porter has identified four key elements in a nation's competitive advantage. They are demand conditions; related and supporting industries; and company strategy, structure, and rivalry; and:

• A)industrial diversity.
• B)consumer behaviour.
• C)governmental regulation.
• D)factor conditions.

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Definitions:

Women Owning Business

Refers to enterprises that are majority-owned by women, showcasing gender diversity in entrepreneurship.

Hispanic-Owned Businesses

Enterprises owned and operated by individuals of Hispanic heritage, contributing to the economic diversity and development.

Annual Revenue

The total amount of income generated by a company from its activities over a year before any costs or expenses are deducted.

Crediting Purposes

The act of acknowledging someone's contribution or work, often for the purpose of assigning merit or recognition.