Michael Porter Has Identified Four Key Elements to Explain Why

question 251

Multiple Choice

Michael Porter has identified four key elements to explain why some companies and industries succeed globally while others fail.These four elements are collectively referred as

• A)the balance of trade wheel.
• B)the points of difference effect.
• C)the trade feedback effect.
• D)the international trade pyramid.
• E)the diamond of national competitive advantage.

Acknowledge the practical outcomes and societal impacts of the deinstitutionalization movement.

Understand the legal implications and ethical considerations in administering psychological treatment against a patient's will.

Identify the circumstances under which a therapist has a duty to warn or prevent crime based on client communications.

Recognize the criteria and implications of the insanity defense in criminal trials based on the M'Naghten rule.

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Definitions:

Market-Based

Pricing or decision-making strategies that are influenced primarily by market conditions and customer demand rather than internal cost considerations.

Marginal Cost

The cost of producing one additional unit of a product, which can include materials, labor, and other variable costs.

Negotiated Transfer

A transfer price that is agreed upon by the selling and buying divisions within the same company through negotiation.

Performance Measures

Metrics or indicators used to assess, track, and improve the efficiency and effectiveness of processes, employees, or organizations.