Which of the Following Components of Porter's Diamond Is Particularly

question 30

Multiple Choice

Which of the following components of Porter's diamond is particularly important in shaping the attributes of domestically made products and in creating pressures for innovation and quality?

• A)basic factor endowments
• B)advanced factor endowments
• C)firm strategy
• D)demand conditions
• E)supporting industries

---

Definitions:

Savings

A reduction in expenditure or cost, often set aside for future use.

Labour Cost

The total expense incurred by employers for the salaries, wages, and benefits of their employees.

Labour Availability

The supply of workers qualified and ready to perform work in a specific geographic area or industry.

Call Centre Industry

A sector of the economy focused on managing customer contacts and service operations through large offices known as call centers.