With Factor Conditions, Porter's Diamond Model Distinguishes Between Basic Factors

question 47

Multiple Choice

With factor conditions, Porter's diamond model distinguishes between basic factors, those a country inherits, and

• A) imported factors, those it brings in from abroad.
• B) demand conditions, the aggregate demand in the economy.
• C) climate conditions, the basic influence on business options in the specific location.
• D) advanced factors, those a country can mold: labor and infrastructure.

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Definitions:

Potential

The inherent ability or capacity for growth, development, or future success.

Conflict

A serious disagreement or argument, typically a protracted one, which can occur between individuals, groups, or nations.

Learning Disability

A condition giving rise to difficulties in acquiring knowledge and skills to the level expected of those of the same age, especially when not associated with a physical handicap.

Intelligence

The ability to acquire and apply knowledge and skills, including the capacity for logic, understanding, self-awareness, learning, emotional knowledge, planning, and problem-solving.