Porter Maintains That Two Additional Variables Can Influence the "Diamond

question 74

Multiple Choice

Porter maintains that two additional variables can influence the "diamond" of attributes in important ways.These two variables are _____ and ______.

• A)entrepreneurship;strategic trade policies
• B)innovation;entrepreneurship
• C)absolute advantage;PPF
• D)chance;government

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Definitions:

Relationship Selling

A sales approach that focuses on building long-term relationships with customers rather than on individual transactions.

Multi-Level Marketing

A direct sales strategy where individuals sell products and recruit others to sell, earning commissions from their sales and the sales of the team they recruit.

Loyalty Selling

A sales strategy focused on creating and maintaining long-term relationships with customers to encourage repeat business.

Personal Relationship

A connection between individuals based on emotional or social bonds, often characterized by mutual respect, understanding, and communication.