Nine Out of Every 10 Diamonds Sold in the World

question 213

Multiple Choice

Nine out of every 10 diamonds sold in the world pass through India, making diamonds that country's largest export at $6.6 billion a year. One of the reasons for its success is the nation's 2,500 trading firms, its banks, airlines, customers' offices, and courier services that make sure the diamonds are safely delivered. Most of these are members of the diamond trading bourse in Bombay. According to Michael Porter's theory about national competitive advantage, India's success in the diamond industry is due in part to its:

• A)factor conditions.
• B)absence of competition.
• C)related and supporting industries.
• D)company strategy, structure, and rivalry.

Comprehend the political landscape and policies of the 1920s.

Analyze the impact of industrial and agricultural developments.

Learn about the significance of the automobile industry in the economic growth.

Identify challenges and disparities faced by different sectors and classes.

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Definitions:

Supply

The total amount of a product or service available for purchase or consumption.

Demand

Represents the quantity of a product or service desired by consumers at a certain price point and time.

Operational Risks

The potential for loss resulting from inadequate or failed internal processes, people, systems, or external events within an organization's operations.

Supply Chain

A system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.