Which of the Following Observations Is Consistent with Michael Porter's

question 6

Multiple Choice

Which of the following observations is consistent with Michael Porter's theory of national competitive advantage?

• A) Factors such as domestic demand and domestic rivalry determine nations' dominance on production.
• B) Countries should produce only those goods for which they have a comparative advantage.
• C) Interplay between the factors of production cause international marketing decisions.
• D) International differences in labor productivity determine nations' supremacy in production.

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Definitions:

Free Will

The ability to make choices that are not predetermined by past events or natural laws.

Childhood Experiences

Events or interactions during early life that can significantly influence one’s personality and behavior in adulthood.

Birth Order

Refers to the order a child is born in their family; first-born and second-born are examples of birth order, which psychologists study for its potential impact on personality and behavior.

Dethronement

Refers to the psychological impact experienced by a child when a younger sibling is born, leading to feelings of loss of attention and displacement.