Question

According to Michael Porter's research on the competitive advantage of nations, Switzerland's large synthetic dye industry and the success of the Swiss pharmaceuticals can be explained in terms of:

A) factor conditions.
B) demand conditions.
C) strategy, structure, and rivalry.
D) related and supporting industries.
E) formation of the European Union.

Answer 1

According to Michael Porter's research, Switzerland's success in the synthetic dye and pharmaceutical industries can be explained by factors such as favorable conditions, related industries, and strategic focus.

Step-by-step explanation:

According to Michael Porter's research on the competitive advantage of nations, the success of Switzerland's large synthetic dye industry and the Swiss pharmaceuticals can be explained in terms of:

1. Factor conditions: Switzerland has favorable factor conditions, such as highly skilled labor and advanced infrastructure, which contribute to the success of these industries.
2. Related and supporting industries: Switzerland has a strong network of related and supporting industries, such as chemical suppliers and research institutions, that help drive the success of the dye and pharmaceutical industries.
3. Strategy, structure, and rivalry: Switzerland's strategic focus on innovation, efficient organizational structures, and competitive rivalry within the industries have also contributed to their success.