Which of the Following Statements Reflects Michael Porter's Theory Regarding

question 34

Multiple Choice

Which of the following statements reflects Michael Porter's theory regarding national competitive advantage?

• A)Clusters of strong suppliers can interfere with entry into a global market.
• B)A firm that succeeds in global markets often has first succeeded in its domestic market.
• C)A country's natural resources,education,and infrastructure often pose obstacles that cannot be overcome.
• D)The first goal of a global marketer is to actively educate a nation's domestic customers.
• E)A nation's domestic workforce is more motivated to work for foreign corporations than its own.

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to assess whether a company has sufficient liquidity.

Sales Budget

A document that estimates the future sales, often by month or quarter, projecting both volume and revenue.

Budgeted Production and Sales

Budgeted production and sales involve forecasting the quantities of products a company plans to sell and produce, respectively, during a specific period, often for planning and resource allocation purposes.

Unit Selling Price

The price at which a single unit of a product is sold.