Which of the Following Factors of Michael Porter's Diamond Model

question 32

Multiple Choice

Which of the following factors of Michael Porter's diamond model refers to the existence or absence in a country of supplier industries that are also internationally competitive?

• A)Demand conditions
• B)Company strategy,structure,and rivalry
• C)Related and supporting industries
• D)Factor conditions

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Definitions:

Positivism

A philosophical approach advocating for the reliance on empirical evidence and scientific methods to acquire knowledge, minimizing metaphysical speculation.

Economic Philosophy

The study of values, principles, and practices that influence how an economy operates, including theories on production, distribution, consumption of goods and services.

Technology

The application of scientific knowledge for practical purposes, especially in industry and everyday life, encompassing both tangible tools and digital advancements.

Joseph Ernest Renan

A French expert in Semitic languages and civilizations, philosopher, historian, and writer, known for his influential works on the history of religion and his philosophical approach to nationalism.