Michael Porter Has Identified Four Key Elements to Explain Why

question 90

Multiple Choice

Michael Porter has identified four key elements to explain why some companies and industries succeed globally while others fail.These four elements collectively are called:

• A)balance of trade.
• B)the "diamond" of national competitive advantage.
• C)industrial diversity.
• D)trade feedback effect.

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Definitions:

Endocrine Glands

Glands of the endocrine system that release hormones directly into the bloodstream to regulate various body functions.

Hormones

Chemical messengers that are secreted by glands in the endocrine system and travel through the bloodstream to target organs.

Dangerous Situation

A scenario in which there is a high risk of harm or injury to individuals or property.

Glandular Epithelial Tissue

Specialized epithelial tissue that forms the secreting surface of glands, including both endocrine and exocrine glands.