Figure: 7-2
-According to Michael Porter's diamond in Figure 7-2,quadrant "C" represents

Question

Figure: 7-2 
-According to Michael Porter's diamond in Figure 7-2,quadrant "C" represents

Quizplus · Accepted Answer

Quadrant C represents demand conditions, which include the size and structure of the local market, the needs and wants of local customers, and the degree of market sophistication. These factors can influence the competitiveness of industries within a particular region or country, as businesses must meet the demands and expectations of local customers in order to succeed. Factor conditions (A) refer to the availability and quality of resources, such as labor, capital, and infrastructure, while related and supporting industries (B) describe the presence and strength of complementary industries and supporting services in a particular region. Managerial conditions (D) encompasses factors such as the quality of local management talent and the effectiveness of business leadership and strategy.

Figure: 7-2 -According to Michael Porter's Diamond in Figure 7-2,quadrant "C" Represents