According to Michael Porter,conditions that create advantages for firms in certain countries and industries include:
A) Suppliers to a particular industry are the very best in the world
B) Strong industry competition
C) Buyers are among the most demanding in the world
D) All of the above

Question

Quizplus · Accepted Answer

Michael Porter's theory suggests that a combination of factors can create advantages for firms in certain countries and industries. Such factors include having the best suppliers in the world, strong industry competition, and demanding buyers. Hence, all the options given in the question are correct.

According to Michael Porter,conditions That Create Advantages for Firms in Certain