According to Porter's "national diamond" analysis,the competitive advantage of Swiss firms in watches,German firms in luxury cars,and Japanese firms in cameras is a result of:
A)The availability of highly skilled workers in each of these countries
B)The lack of natural resources in each of these countries
C)The characteristics of local demand in each of these countries
D)High levels of domestic competition

Question

Quizplus · Accepted Answer

Porter's "national diamond" analysis explains that a nation's competitive advantage in a particular industry is influenced by various factors, including the characteristics of local demand. The demand for watches in Switzerland, luxury cars in Germany, and cameras in Japan has created a unique and specific market that has allowed companies in these countries to develop a competitive edge.

According to Porter's "National Diamond" Analysis,the Competitive Advantage of Swiss