Which of the following statements reflects Michael Porter's theory regarding national competitive advantage?
A)Clusters of strong suppliers can interfere with entry into a global market.
B)A firm that succeeds in global markets has often left a domestic market because it was too competitive.
C)A country's natural resources,education,and infrastructure can represent obstacles that are often difficult to overcome.
D)Conditions such as the number and sophistication of domestic customers can affect demand for an industry's product.
E)A nation's domestic workforce is more motivated to work for foreign corporations than its own.

Question

Quizplus · Accepted Answer

Michael Porter's theory of national competitive advantage emphasizes that conditions such as the size and sophistication of domestic customers can affect demand for an industry's product. He argues that a country's competitive advantage can be derived from factors such as its pool of skilled labor, sophisticated infrastructure, and strong supplier bases. Therefore, statement D reflects this theory as it highlights the impact of domestic demand on industry competitiveness. The other choices do not accurately reflect Porter's theory.

Which of the Following Statements Reflects Michael Porter's Theory Regarding