Porter's Diamond model suggests that there are four factors which determine national competitive advantage. The four are listed below. Which has the incorrect definition?
A.
Factor conditions: includes the availability of raw materials and suitable infrastructure.
B.
Firm strategy, structure and rivalry: if the home market is very competitive, a company is more likely to be world class.
C.
Demand conditions: the goods and services have to be demanded internationally.
D.
Related and supporting industries: these allow easy access to components and knowledge sharing.
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit