Michael Porter has identified four key elements to explain why some companies and industries succeed globally while others fail. These four elements collectively are called:
A)industrial diversity.
B)trade feedback effect.
C)the "diamond" of national competitive advantage.
D)balance of trade.

Question

Quizplus · Accepted Answer

The "diamond" of national competitive advantage is a framework developed by Michael Porter to explain why some companies and industries succeed globally while others fail. It consists of four key elements: factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.

Michael Porter Has Identified Four Key Elements to Explain Why