Michael Porter's Diamond Framework Explains

question 21

Multiple Choice

Michael Porter's diamond framework explains

• A) national value creation.
• B) domestic value creation.
• C) national competitive advantage.
• D) domestic competitive advantage.

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Definitions:

Direct Monetary Costs

Expenses that can be directly quantified in financial terms, such as materials, labor, and overhead costs.

Layoffs

The act of temporarily or permanently reducing a company's workforce due to business needs, economic downturns, or other financial pressures, often leading to job loss for affected employees.

Weeks Of Wages

A measure of compensation or benefits based on the amount an employee would earn over a specified number of weeks.

Voluntary Employee Turnover

Occurs when employees choose to leave their jobs, whether for personal reasons, better employment opportunities, or dissatisfaction with their current roles.