Porter's 'Diamond' Model of International Competitiveness Does NOT Include

question 33

Multiple Choice

Porter's 'diamond' model of international competitiveness does NOT include:

• A)absence of related industries and infrastructure
• B)favourable factor (supply)conditions
• C)government support
• D)chance events

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Definitions:

Useful Life

An estimate of the duration over which an asset is expected to be economically viable and operational in a business.

Average Rate of Return

A financial ratio showing the average annual return of an investment over its lifetime, calculated as the total expected return divided by the initial cost of the investment.

Total Income

The sum of all revenue and gains for an entity over a specified period of time.

Present Value

The present value of a future amount of money or a series of future cash flows, discounted at a specific rate of return.