Michael Porter Has Identified Four Key Elements in a Nation's

question 25

Multiple Choice

Michael Porter has identified four key elements in a nation's competitive advantage.They are demand conditions; related and supporting industries; and company strategy,structure,and rivalry; and:

• A)consumer behaviour.
• B)industrial diversity.
• C)governmental regulation.
• D)factor conditions.

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Definitions:

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, indicating the confidence in how closely the sample estimates reflect the population.

Sign Test

A nonparametric test used to determine if there is a significant difference between paired observations, by analyzing the signs of differences without assuming any particular distribution.

Median Score

The midpoint value in a set of scores, where half of the scores are above it and half are below, often used as a measure of central tendency.

Level of Significance

A threshold in hypothesis testing that determines whether the null hypothesis can be rejected, often denoted by alpha (α).