Which of the Following Statements Reflects Michael Porter's Theory Regarding

question 101

Multiple Choice

Which of the following statements reflects Michael Porter's theory regarding national competitive advantage?

• A)Clusters of strong suppliers can interfere with entry into a global market.
• B)A firm that succeeds in global markets often has first succeeded in intense domestic competition.
• C)A country's natural resources, education, and infrastructure often pose obstacles that cannot be overcome.
• D)The first goal of a global marketer is to actively educate a nation's domestic customers.

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Definitions:

High Inflation

A situation of rapidly increasing prices in an economy, reducing purchasing power over time.

High Unemployment

refers to a situation where a substantially higher percentage of the workforce is not engaged in employment, suggesting economic distress.

Inflation

The swell in the general price range for goods and services, shrinking the buying power of consumers.

Deflation

A decrease in the general price level of goods and services, often accompanied by a reduction in the money supply and credit.