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

question 173

Multiple Choice

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

• A)industry composition
• B)size of market
• C)governmental regulation
• D)suppliers
• E)factor conditions

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Definitions:

Luminal

A compound used in forensic science to detect blood traces, as it produces blue luminescence with the hemoglobin in blood.

Reaction Rate

The speed at which a chemical reaction occurs, measured by the change in the concentration of a reactant or product over time.

Hydrogen Peroxide

A chemical compound with the formula H2O2, used as an oxidizer, bleaching agent, and antiseptic.

Catalysts

Materials that increase the rate of a chemical reaction without being consumed in the process.