Which of the Following Is One of the Four Attributes

question 62

Multiple Choice

Which of the following is one of the four attributes present in Porter's diamond?

• A) Economies of scale
• B) Factor endowments
• C) Structural innovation
• D) Procedural innovation

---

Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

U.S. Fishery

Pertains to the industry or activity of raising, harvesting, processing, and selling fish, shellfish, and aquatic plants in the United States.

Dollar Terms

Refers to financial transactions quoted in terms of the U.S. dollar.

ITQs

Individual Transferable Quotas, a regulatory tool used in managing resources by allotting specific quantities that can be harvested or produced, often applied in fisheries to prevent overfishing.