Michael Porter has identified four key elements in a nation's competitive advantage: factor conditions;demand conditions;related and supporting industries;and __________.
A)consumer behavior
B)workforce education and skill levels
C)governmental regulation
D)company strategy,structure and rivalry
E)suppliers

Question

Quizplus · Accepted Answer

The four key elements identified by Michael Porter in a nation's competitive advantage are factor conditions, demand conditions, related and supporting industries, and company strategy, structure and rivalry. Option D correctly identifies the last element. Option A (consumer behavior) and Option E (suppliers) fall under the category of related and supporting industries, while Option B (workforce education and skill levels) is an important factor condition. Option C (governmental regulation) may also be a factor condition but is not one of the four key elements identified by Porter.

Michael Porter Has Identified Four Key Elements in a Nation's