What aspect of the diamond framework is MOST LIKELY responsible for GlenmarkPharma setting up manufacturing facilities in the United States,the world's largest market for pharmaceuticals?

Question

Quizplus · Accepted Answer

Demand conditions, which refer to the size and characteristics of the domestic market, are most likely responsible for GlenmarkPharma's decision to set up manufacturing facilities in the United States, which has the world's largest market for pharmaceuticals. By manufacturing locally, GlenmarkPharma can better serve the needs of the US market and take advantage of the competitive advantages that this market offers. The other options (licensing strategies, joint venture strategies, franchising strategies, and firm strategy, structure, and rivalry) are less relevant to this particular decision.

What Aspect of the Diamond Framework Is MOST LIKELY Responsible