Porter, in His Diamond Model, Suggested That There Is a Strong

question 23

Multiple Choice

Porter, in his diamond model, suggested that there is a strong association between ________ and the creation and persistence of competitive advantage in an industry.

• A) trade barriers
• B) vigorous domestic rivalry
• C) purchasing power parity
• D) the availability of a captive market
• E) first-mover advantages

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Definitions:

Air System Components

Parts of an air system, including compressors, valves, sensors, and hoses, that work together to manage and control air flow.

Methyl Hydrate

A solvent commonly known as methanol or wood alcohol, used in a variety of applications from antifreeze to fuel.

Litmus Paper

A type of paper used to test if a solution is acidic or basic by changing color upon exposure.

Freeze Point

The temperature at which a liquid becomes solid.