Figure 7-2

-According to Michael Porter's diamond in Figure 7-2, quadrant "A" represents
A)managerial conditions.
B)factor conditions.
C)related and supporting industries.
D)demand conditions.

Question

Figure 7-2
 
-According to Michael Porter's diamond in Figure 7-2, quadrant "A" represents
A)managerial conditions. 
B)factor conditions. 
C)related and supporting industries. 
D)demand conditions.

Quizplus · Accepted Answer

Quadrant "A" in Michael Porter's diamond represents factor conditions, which includes natural resources, skilled labor, infrastructure, and technological advancements. These factors contribute to a region's ability to produce and compete in a particular industry. Therefore, the best choice is B, factor conditions.

Figure 7-2 -According to Michael Porter's Diamond in Figure 7-2, Quadrant "A