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

question 11

Multiple Choice

According to Michael Porter's diamond model,which of the following refers to the existence or absence in the country of supplier industries that are also internationally competitive?

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

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Definitions:

Skill-Based Pay

Skill-based pay is a compensation system where employees are paid based on the range, depth, and types of skills and knowledge they possess, rather than their job title or position.

Flexibility

The quality of being adaptable or variable, especially the ability to respond to changes in circumstances or environments.

Productivity

The measure of efficiency in converting inputs into useful outputs, commonly used in analyzing the performance of businesses, economies, or individual workers.

Supervisory Costs

Expenses associated with overseeing and managing employees, including salaries of supervisors and costs related to training and supervising staff.