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:

Carbon Film

A type of resistor made by depositing a thin layer of carbon on an insulating substrate, known for stability and low noise.

Ceramic Rod

A type of non-metallic rod made from ceramic materials, often used for applications requiring high temperature resistance or electrical insulation.

Carbon

A chemical element, with symbol C, that is the basis of all known life on earth, capable of forming multiple stable covalent bonds.

Tolerance

The permissible limit of variation in a physical dimension or electrical component's performance, indicating the range within which the actual value is accepted to differ from the specified value.