In His Study Dealing with the Competitive Advantage of Nations,Porter

question 64

Multiple Choice

In his study dealing with the competitive advantage of nations,Porter argued that in regard to demand conditions,a nation's firms' gain competitive advantage if their domestic consumers are __________ and __________.

• A) unpretentious; passive
• B) modest; passive
• C) exacting; unpretentious
• D) sophisticated; demanding
• E) fractious; unsatisfied

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Definitions:

Management Consulting

An area of public accounting ranging from development of accounting and computer systems to support services for marketing projects and merger and acquisition activities.

Financial Statements

Periodic reports published by a company for the purpose of providing information about its financial status and performance to external parties.

Fairness

The quality of making judgments that are free from discrimination, dishonesty, or injustice.

Statement of Cash Flows

A financial report that consolidates information about all cash received and expended by a business.