Which of the following statements is most true with regard to Strategy,Structure,and Rivalry in Michael Porter's "diamond" determinants of competitive advantage?
A) The context of a firm's home market includes foreign capital markets
B) Although local rivalry may hold down profitability in local markets, firms that survive vigorous local competition are often less efficient and innovative than are international rivals that emerge from softer local conditions
C) Local rivalry tends to affect the rate of innovation in a market far more than foreign rivalry does
D) Foreign rivalry tends to affect the rate of innovation in a market far more than local rivalry does
E) The context of a firm's home market includes foreign management practices
Correct Answer:
Verified
Q4: What term describes the optimal allocation of
Q8: Which of the following terms best describes
Q12: What term best describes when quiet periods
Q15: Which of the following terms best describes
Q15: Which of the following statements is least
Q18: Which of the following terms best describes
Q23: Which of the following is not part
Q25: Which of the following describe ways firms
Q28: Which of the following terms describes a
Q33: Size,growth,and character of home demand for a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents