Which element of the Diamond model refers to the nature of the competition in an industry?

Name: Which element of the Diamond model refers to the nature of the competition in an industry?
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Question

Quizplus · Accepted Answer

The element of the Diamond model that refers to the nature of competition in an industry is Industry Strategy and Structure. This includes factors such as the number and size of competitors, level of competition, entry and exit barriers, and the bargaining power of suppliers and buyers.

Which Element of the Diamond Model Refers to the Nature