According to Michael Porter's diamond of national competitive advantage,both the number and sophistication of domestic customers for an industry's product are examples of
A)structural conditions.
B)demand conditions.
C)socio-cultural conditions.
D)competitive conditions.
E)factor conditions.

Question

Quizplus · Accepted Answer

Demand conditions refer to the characteristics of domestic customers and the intensity and sophistication of their needs and wants. This includes the number and quality of domestic customers for an industry's product.

According to Michael Porter's Diamond of National Competitive Advantage,both the Number