Question

Which of the following elements are included in Porter's Diamond Model of national advantage?

A. Competitive conditions

B. Export conditions

C. Social conditions

D. Supply conditions

E. None of the above

Answer 1

The elements included in Porter's Diamond Model of national advantage are competitive conditions, export conditions, and supply conditions.

Step-by-step explanation:

The Porter's Diamond Model of national advantage includes the following elements:

1. Competitive conditions: This refers to the intensity of competition within an industry in a particular country. Factors such as the presence of strong competitors, access to resources, and market concentration impact the competitive conditions.
2. Export conditions: This element considers the country's policies and infrastructure related to exports, such as trade agreements, transportation systems, and government support for export industries.
3. Supply conditions: Supply conditions include the availability and quality of key inputs, such as raw materials, skilled labor, and infrastructure, which impact the competitiveness of industries.

Therefore, the correct answer is A. Competitive conditions, B. Export conditions, and D. Supply conditions.