Japanese customer's sophisticated knowledge of cameras created pressure for innovation and quality that stimulated the Japanese camera industry to improve product quality and introduce innovative models. This is an example of which of the following attributes?
A) Factor endowments
B) Local demand conditions
C) Related and supporting industries
D) Firm strategy, structure, and rivalry
E) Using the framework

Question

Japanese customer's sophisticated knowledge of cameras created pressure for innovation and quality that stimulated the Japanese camera industry to improve product quality and introduce innovative models. This is an example of which of the following attributes?
A) Factor endowments
B) Local demand conditions
C) Related and supporting industries
D) Firm strategy, structure, and rivalry
E) Using the framework
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Quizplus · Accepted Answer

The sophisticated knowledge of Japanese customers created pressure for innovation and quality, which falls under the attribute of local demand conditions in Porter's Diamond Model.

Japanese Customer's Sophisticated Knowledge of Cameras Created Pressure for Innovation