Question

In Porter's model, if a country has both ________ and __________ production factors, it is likely to serve an industry well by spawning strong home-country competitors that can also be successful global competitors. a. advanced; generalized b. basic; advanced c. basic; generalized d. advanced; specialized

Answer 1

d. advanced; specialized

Step-by-step explanation:

Porter's five forces model: It was proposed by 'Michael Porter', and is determined as a model that generally analyzes and identifies five different competitive forces that often shape every single industry and therefore helps to describe a particular industry's strengths and weaknesses. It has been used frequently to identify a particular industry's structure in order to describe "corporate strategy".

As per the question, the given statement signifies the advanced production factor as well as a specialized production factor.