According to Michael Porter's Diamond Model,which of the Following Factors

question 26

Multiple Choice

According to Michael Porter's diamond model,which of the following factors refer to a nation's ability to turn its natural resources,skilled labor,and infrastructure into a competitive advantage? 

• A) Factor conditions
• B) Demand conditions
• C) Related and supporting industries
• D) Company strategy, structure and rivalry

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Definitions:

Postponement

A supply chain strategy that delays the final activities in the production process (such as assembly, packaging, or shipping) until the latest possible time to reduce inventory and increase customization.

Customization

The process of modifying goods or services to meet the needs or desires of specific customers.

Hewlett-Packard

A global information technology company known for its wide range of hardware and software products.

Virtual Company

A business model that operates on digital platforms without a physical presence, often relying on digital communication and distribution channels.