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Discuss Some Criticisms/shortcomings of Porter's Approach to the Competitive Advantage

question 57

Essay

Discuss some criticisms/shortcomings of Porter's approach to the competitive advantage of nations model.


Definitions:

Consumer Price Index

An indicator that evaluates the weighted average cost of a collection of consumer products and services like healthcare, food, and transportation.

Purchasing Power

The worth of a currency represented by how much goods or services can be purchased with one unit of that currency.

Inflation

The rhythm at which the universal cost metrics for goods and services advance, trimming down purchasing reach.

Annual Interest Rate

The percentage increase in money that borrowers pay lenders over a year, based on the original amount of the loan.

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